Only Estonia and Cyprus and Slovakia have a higher wage gap in the economy as a whole. After Germany, comes the UK and Finland. The pay gap is smallest in Malta, Belgium, Slovenia, Ireland, Greece, Italy and Portugal.
Spiegel - German Chancellor Angela Merkel is putting up a lot of money to try to quiet hysterical markets. At the same time, though, Germany and Europe appear to be sinking quickly into a recession. Experts believe a massive economic stimulus package is needed to stop the slide.
Spiegel - It is an explosive combination: A sharp economic downturn mixed with trade union demands for an 8 percent pay raise — the largest in 16 years. Tensions are running high and strikes are on the horizon in Germany.
Spiegel - Ever since the world economy began to slump, Berlin has been besieged by demands to intervene. For years there has been deep resistance to stimulus programs in the Federal Republic — but now even German thinking has started to change.
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