Tuesday, September 20, 2011

Germany Reaps Rewards of Entitlement Cuts

The financial crisis has turned Europe topsy-turvy, with governments freezing pensions, unions voting away privileges and a thick web of safety nets disappearing one strand at a time.

But as the role of the state is being reexamined, one country stands apart: Germany, where reforms a decade ago made the country less generous than some of its peers but also helped ease the blow when the rest of the world stopped snapping up BMWs and Bosch washing machines.
Click here to how German has done

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