CAMBRIDGE: For almost a decade Germany has searched its soul about its economic viability. Is there too little flexibility in our labor markets? Are wages too high? Is there too much regulation? How can German firms which should be world-beaters succeed if they have to fight with one arm tied behind their back by their very own government and workers? Of course, one would not want American ways of doing business imported here. Still, things have got to change.
CAMBRIDGE: For almost a decade Germany has searched its soul about its economic viability. Is there too little flexibility in our labor markets? Are wages too high? Is there too much regulation? How can German firms which should be world-beaters succeed if they have to fight with one arm tied behind their back by their very own government and workers? Of course, one would not want American ways of doing business imported here. Still, things have got to change.