I am somewhat familiar with Germany, having been stationed there in the US Army and marrying a German girl. I remember walking down a street in Lubeck, Her home town, one beautiful late afternoon and seeing a very large Mercedes-Benz limousine. Looking out the window, enjoying the view, was Konrad Adenauer, the chancellor of West Germany. While Germany was divided, the Western part was in very good shape. The economy was booming, everyone had a secure job, generous healthcare, and a good retirement package. When a young person finished their job training, they had two or three job offers waiting for them.
This was Adenauer's legacy! Contrast his policies with the neoliberal EU, where Spain has 20 percent general unemployment, and 40 percent unemployment for young people. The social safety net is fast disappearing in Europe and Germany, along with the wage structure that supported the developed Western European economy. Merkel and the "leaders" of the EU's legacy will be a neoliberal-inspired depression.
Pervis James Casey
Jun 10 2010 - 4:57pm