Die Presse - Austria | Thursday, February 9, 2012
Germany's export strength exemplary
German businesses sold more goods abroad in 2011 than ever before. Less solvent countries should take Germany's sustainable policies as an example, writes the liberal-conservative daily Die Presse: "When the Germans guarantee the debts of insolvent states with packages running into the billions, their flag is burned in these very states and the alleged rescuers are vilified in the papers as 'goosestepping taskmasters'. When their soaring exports help pull Europe out of its economic slump, their country is denounced as a business-first steamroller. ... But the problem should really be the solution: Germany is in fact quite a good example for how high-wage countries can succeed on global markets. For example with reasonable unions and plausible wage agreements that keep hundreds of thousands of workers on the job. This model may be less likeable, but it is distinctly more sustainable than those of its critics who make the economy 'work' and create fictitious growth with borrowed money."
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