Work Like a German Germany suffered a more precipitous drop in gross domestic product than the United States, but it experienced almost no change in unemployment. Here, it doubled. Today, unemployment in Germany is actually lower than it was pre-crisis, and long-term unemployment is negligible. Rather than enforce austerity on the population, German reformed and […]
In case you thought the European financial crisis was over, today’s auction of new German debt garnered an average nominal yield of -0.0122 percent, the first time we’ve ever seen a negative nominal yield. Negative Nominal Yields On New Germany Debt Liquidity trap.
Berlin police have appealed for information to help them establish the identity of a teenager who appeared in the city saying that he had been living in the woods for five years.