Industry, Real Wages, And Childish Managers

This weekend, the CEOs of several German car manufacturers decided to behave like three year old kids because they really want that chocolate bar low labor costs; and are against a minimum wage of €8.50 and for a huge amount of "temporary" workers. The CEOs of Daimler, VW, Opel and BMW were interviewed by the Bild Zeitung and Daimler CEO Zetsche even threatened Mutti* Merkel that the company would "have to think about a relocation of production".

Let's take a look at some of the firms and the overall situation in the German industry.

Using The Right Words When Criticising German Export Dependency

This weak both the European Commission and the US Treasury Department have criticised the German export dependency. The "Report to Congress on International Economic and Exchange Rate Policies" uses untypically clear language: