SamuelRSmith said:
Mnementh said:
SamuelRSmith said:
Mnementh said:
Politics of Austerity is bringing economy down. What needed is balance, but over the course of the last 10-15 years the austerity was given highest priority without any sense to it. That has led to more poor people, poor people spend less, that's why economy is going down and tax-backflow is reducing. That leads to more governmental debts, that lead to a stronger austerity-course, that leads to more hurts for the economy ... until crisis right now.
It's good austerity get's kicked to be replaced by a more balanced politics. |
Err... what?
I'm hoping you meant months.
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No. 1998 became here in Germany Schröder the new chancellor. In his government formed by social democrats and green party he created 'Hartz IV'-laws, that changed the job-market. It should reduce governmental payings for unemployed people and reduce unemployment. Unemployment wasn't too much impacted, but following this laws the salary for jobs were reducing (as the pressure was increased to work for lower payment) and therefore the tax-returns were hurt. Other laws did point in the same direction. Since then, we always have laws trying to reduce governmental payments a save money, but it leads to hurt economics.
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Oh, you mean just in Germany. The best performing country of the Eurozone.
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Best performing for the financial world but certainly not for the people.
