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Germany’s Wage Deal Is Good for Europe Too

Ferdinando Giugliano, (2018), «Germany’s Wage Deal Is Good for Europe Too», 8 Φεβρουαρίου

Rarely has a round of wage negotiations been watched so closely as the recent dispute involving Germany’s IG Metall labor union. The agreement reached in Baden-Wuerttemberg with the Suedwestmetall employer’s federation, including a 4.3 percent raise from April and the right to a 28-hour working week, is a further sign that wage pressures are finally returning to the euro zone. This is essential if the European Central Bank is to hit its inflation target of just below 2 percent.

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