"He is right in some way, but he also misses that german workers had to take a lot of cuts in pay, benefits and working conditions. " This didn't give Germany

"He is right in some way, but he also misses that german workers had to take a lot of cuts in pay, benefits and working conditions. " This didn't give Germany much of an economic stimulus although it did help to filter the wealth created by their export boom upward. Hartz was good for profits though, which a lot of economists seem to confuse with being "good for growth".