There are unwritten laws that everyone who has to deal with them knows, but nobody talks about them openly because any attempt to bring them out into the open is punished by the community with eternal exclusion. The strongest community in this world is without doubt that of the financial markets. …
If the German Federal Statistical Office hadn’t officially announced it last Friday, you wouldn’t have believed it. In Germany, the part of collective wage agreements that leads to a permanent collective wage increase actually amounted to only 2.4 per cent last year. …
It’s probably all too human. Whenever you don’t know what to do next, you fall back into old ways of thinking. In 1982, when a social-democratic-liberal coalition was at an end and was replaced by a black-yellow coalition under Helmut Kohl, …
Germany is proud of its market economy. Some call the German economic system a “social market economy”, believing that the market economy is inherently social because it helps to improve living conditions for everyone. The hero of the market economy, social or not, …
