A comparative review of current economic conditions will help understand how two neighboring countries, with closely intertwined economies and with a nearly stable exchange rate since 1983 can display such diverging political situations. These challenges will nevertheless necessarily be confronted. The loose consensus that has characterized the electoral campaign somewhat ignored the challenges awaiting Germany, despite or maybe due to the last fifteen yearsâ significant successes. Windmills and solar panels are replacing forests and fields. The tour includes on-site visits to a variety of universities and research institutes whose focus areas This is why a starting point for a solution could be found in that sphere. Three Questions to Andrea Montanino, BLOG Solutions are well-known and unchallenged by traditional parties (CDU, SPD, FDP and Greens) : This last point is actually the main reason behind Germanyâs external surplus (5). The problem, instead, is that the Europeans, and the Germans in particular, treat themselves badly, with a ruinous obsession over public debt. According to a recent report by American journalist Toby Axelrod, who has lived in Berlin since 1997, in Germany today there are âmore than 240,000 people of Jewish background,â close to a third of the Jewish population when the Nazis came to power. And the differences between the ⦠Variant 2 (G1-L1-W2)(5) Germanyâs balance of current paymentsâ surplus reached 8.3% of GDP in March 2017. The German government has come to the conclusion that this was an inside job. In 1998, on the eve of the creation of the euro, the GDP per capita of Germany, still impacted by the unification travail, was 3.9% lower than Franceâs. Even though economists are still debating the magnitude of the "Agenda 2010"âs impact, a large consensus concedes that it has greatly contributed to restoring German competitiveness and that it has helped a transition from mass unemployment to full employment. READ MORE: How Germany stacks up to Europe on key election issues Aferdita Plakolli, 32, visits the food bank with her 2-year-old daughter, Adima. A United Nations (UN) group that visited Germany in 2017 concluded that there are systemic problems with racism and an âincomplete understanding of historyâ ⦠In Germany, tea is abundant. Eric Chaney is the economic advisor at Institut Montaigne. -, Our latest analyses in your inbox each week, L'adresse email du destinataire n'est pas valide. Although this challenge is similar in all developed countries, it is more important for Germany because of it strong industrial specialization and the central role of co-management between capital and labour. Founding member of the European Union, Italy has been undergoing major economic and political changes over the past years, which has led us to reconsider the country's role in the European construction. Personal issues. She has recently enacted a policy that would give health coverage to more citizens and make it far more accessible to the poor. Subscribe today. For example, a high unemployment rate that affects millions of people is a social issue. The other flaw in the Government’s current approach is that large portions of the country’s flora is being cut down and removed to build ‘green’ structures. The unemployment rates are the national unemployment rates calculated according to the International Labor Organizationâs common norm. In 2016, the population rose by 0.7%, reaching 82.8 million thanks to robust immigration flows (750 000 people, after 1.1 million in 2015). BERLIN â Germany, like many places in Europe, is badly in need of democratic rejuvenation. Publication History of Germany: Weimar Republic to Today . This is an issue that the next Chancellor will have to tackle in priority. (2) Eurostat. systematically raising the retirement age; investments aiming at stimulating innovation and thereby productivity; accumulating capital to fund future pensions. The Hekla, a self-named group from Afghanistan, originally took blame for the attempted attack. Chancellor Angela Merkel, much like President Obama, made it her goal to put health care reform as one of her main goals. According to German ecologists, Merkel's process of switching to renewable energy will release more than 1,000 metric tons of carbon dioxide into the atmosphere. Entire forests are being cut down to build some of these structures as well. It is therefore not surprising that the debate in France revolves around "how to change things" while in Germany, changes are sought only at the margin. West Germany was controlled by the western Allied Powers (USA, Britain, and France), while East Germany was controlled by the Soviet Union. emissions from coal-burning utilities and industries contribute to air pollution; acid rain, resulting from sulfur dioxide emissions, is damaging forests; pollution in the Baltic Sea from raw sewage and industrial effluents from rivers in eastern Germany; hazardous waste disposal; government established a mechanism for ending the use of nuclear power by 2022; government working to meet ⦠Today, the official number of Muslims in Germany exceeds six million, of whom four million are not German citizens. While climate change was the most important issue in Germany, two percent of Germans in 2018 thought that climate change did not exist, with a further two percent believing it ⦠Create your own unique website with customizable templates. The "Agenda 2010" presented by Gerhard Schröder in 2003, then gradually implemented until 2005, was the outcome. More fundamentally, the funding model of the German economy, mostly relying on loans from a fragmented banking industry â not very profitable and dependent on local political hazards â and to a very small extent by equity markets, will need to be restructured before the unavoidable reversal of the economic cycle. Germany is one of the few European countries without a strident far-right party. While France is deeply anxious about globalization - wondering whether it should move away from it or only seek protections â, about the governance of the Eurozone or whether it must reform its welfare state, these topics do not make the headlines in the German electoral campaign. BLOG As firms such as Apple, LVMH or BMW well know, demand for luxury goods relies on customersâ wealth and is little price-sensitive. Admittedly, not being able to get a decent cup of tea is a harrowing problem faced by British expats around the world. Itâs therefore encouraging that refugee employment has increased significantly as of la⦠Germany is struggling to deal with an influx of immigrants - but tensions are not as stark as elsewhere in Europe, says Jenny Hill. German economyâs second challenge is to adapt its social model, built on negotiations, internalization of economic constraints by labor unions and their participation to board meetings, to the technological wave, often roughly called uberisation. The government functions much like the government with the US. Currently, they are working with the government to find a better solution. When it crossed the five million threshold, unemployment triggered a major political shock, convincing labor unions of the benefits of wage moderation â if not wage reduction â to secure employment, and compelling political parties to rethink the national economic model. Web page addresses and email addresses turn into links automatically. Merkel blames âperfectionismâ for Germanyâs coronavirus problems. Germany had the largest current account surplus in the world, ⦠As a result of the eurozone crisis, a new movement has begun in Germany called, ‘Alternative for Germany’ (AfD). Despite the uncertainty inherent to any projection, Germany clearly needs sustained immigration flows, or it will be hit by a significant fall of its living standards due to the declining labor force together with the rising financial burden of pensions. After World War II, West and East Germany divided. Germanyâs fiscal position is healthy: the public debt ratio is ⦠Andrea Montanino, Italian economist and member of the Atlantic Council talks to the Montaigne... BLOG However, after further investigation the group denied any involvement with the attack. - 22 September 2017, How is Italy Doing? Select the subjects you want to know more about on euronews.com Aging society, budgetary surplus. 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