Germany 2

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Issue:

Miscellaneous

 

Written by:

Valerie H

 

Date added:

July 25, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 999

 

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7100 times

 

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But anemic private consumption and contraction in the construction industry limited the expansion. Unemployment continued to set post-war monthly records through the end of 1997 and averaged 4.3 million for the year. In preparation for the first of January 1999, the start of the European Monetary Union, the government has made major efforts in 1996-97 to reduce the fiscal deficit...
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This effort has been complicated by growing unemployment, an erosion of the tax base, and the continuing transfer of roughly $100 billion a year to eastern Germany to refurbish this ex-communist area. In recent years business and political leaders have become increasingly concerned about Germany's decline in attractiveness as an investment target...
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