Sunday, March 28, 2010

Germany Should Aid Greece With ‘Win-Win’ Wage Boost, Posen Says

this article talks about how Germany is expected to aid Greece but there are also being blamed for some of the problems that the euro area is experiencing. Since Germany is operating with a huge trade surplus and all the other countries have such large trade imbalances that are causing problems for the area. one reason they give for Germany's surplus is the fact that they have very low labor costs.

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