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The mere few bips of GDP growth doesn’t justify the negative GDP growth Germany has for the past few years. That had a huge impact on people’s lives and their w
by sajithdilshan 1mo ago
The mere few bips of GDP growth doesn’t justify the negative GDP growth Germany has for the past few years. That had a huge impact on people’s lives and their wages. In fact people are taking home even less money due to the increased social contributions imposed by this government. So many companies are moving they factories away from Germany due to high energy prices and that has a huge impact on jobs. Not everyone works in IT branch.
Euro is a ticking time bomb and the currency would collapse when France cannot pay its debt anymore. They are literally borrowing money to pay pension and the only way the Euro has survived so far is due to the fiscal discipline of Germany. The lenders trust Germany to keep Euro stable and that has been weakened by the current government when they borrowed more than half a trillion Euros.
- kuerbel 1mo agoFact check before posting. German gdp growth was negative in 2023 and 2024 since then its positive again. And it was positive before. Wage growth was nominal 28% since 2017. >I face people are taking home even less money due to the increased social contributions imposed by this government. You face what? Anyways, the only thing they did was raising the ceiling for contributions which has no effect on low and middle incomes, which you seem to care a lot about. >Euro is a ticking time bomb and the currency would collapse when France cannot pay its debt anymore France is not going to default anytime soon.