Tuesday, January 03, 2012

The View From The Core

Now I'm not a big fan of Germany's plans to destroy most of the rest of the European economies, but one thing our leading economic geniuses don't ever seem to do, aside from trotting out false stereotypes about hardworking Germans and lazy Spaniards, is to come to terms with just how that country manages to thrive with high wage high value added manufacturing economy.

German unemployment fell to its lowest rate in December since 1991, according to the German Federal Labour Agency.

The adjusted jobless rate fell to 6.8% from 6.9% in November, the Federal Labour Office said.