Search results
Results From The WOW.Com Content Network
Another sign that economic inequality has risen in Germany can be seen in the fact that the number of Germans living below the poverty line has increased from 11% in 2001, [10] to 12.3% in 2004, [11] and about 14% in 2007. According to 2007 government statistics, one out of every six children was poor, a post-1960-record, with more than a third ...
In 1975, a report on poverty published by a CDU politician called Heiner Geissler estimated that 5.8 million people lived below the public assistance levels. As the opening sentence of the report put it, "Poverty, a theme long since thought dead, is an oppressive reality for millions of people."
The social market economy (SOME; German: soziale Marktwirtschaft), also called Rhine capitalism, Rhine-Alpine capitalism, the Rhenish model, and social capitalism, [1] is a socioeconomic model combining a free-market capitalist economic system alongside social policies and enough regulation to establish both fair competition within the market and generally a welfare state.
The German government on Wednesday slashed its 2025 growth forecast for the country's economy, Europe's biggest, to just 0.3% after it shrank for two consecutive years. The new projection is much ...
The Volkswagen factory in Wolfsburg. The term German model is most often used in economics to describe post-World War II West Germany's means of using (according to University College London Professor Wendy Carlin) innovative industrial relations, vocational training, and closer relationships between the financial and industrial sectors to cultivate economic prosperity. [1]
Germany’s governing coalition has collapsed after disagreements over the country’s weak economy led Chancellor Olaf Scholz to sack his finance minister. Germany’s normally stable government ...
The collapse of Germany's governing coalition and President-elect Donald Trump's imminent return to the White House are creating new risks for the European Union's biggest economy, already in a ...
Additionally, the country entered an economic crisis while under leadership of the traffic light coalition, leading to falling approval ratings. [6] In November 2023, Germany's Federal Constitutional Court (Bundesverfassungsgericht) declared parts of the government's budget policy unconstitutional.