NO ADVERTISING, GOVERNMENT OR CORPORATE FUNDING
DONATE TODAY


  September 26, 2012

The German Economy and the Crisis in Europe


German Left Party Vice-President Wagenknecht on wage repression in Germany and the European Stability Mechanism
Members don't see ads. If you are a member, and you're seeing this appeal, click here
   

Share to Facebook Share to Twitter


I support The Real News Network because it lets viewers voice their uncensored opinions. - David Pear
Log in and tell us why you support TRNN


transcript

The German Economy and the Crisis in EuropeIn the international news reporting, the German economy is often portayed as the stable cenre of the Eurozone, and as a competitive export economy. To find out what this competitiveness means for German working people, the real news spoke with Sahra Wagenknecht, economic policy speaker and vice-chair of the German Left party, and Carsten Becker, general staff council chair at the Charite hospital in Berlin.

On the surface the German economy appears to be doing pretty well in comparison to other European countries. Do you agree with that statement?

Carsten explains how worsening working conditions have widely proliferated as the social contract between workers and employers is being hollowed out

Interview with Sahra Wagenknecht Wagenknecht points to the Agenda 2010 reforms, carried out by the SPD and Greens, Berlin streets and its effect on wages and worsening working conditions.

Carsten schatz illustrates the extent of the worsening of working conditions by the extent of outsourcing services into new firms in his hospital and cutting of state investments

Wagenknecht explains in what sense the German European policy of cutting state expenditures rational, as the german export economy needs export markets.

Carsten Schatz answers why the contradictions of the German economic policy will lead lead to a complete breakdown of the German social contract sooner or later.

Voice over introduction of the topic of the ESM

Sahra Wagenknecht describes the ESM as a permanent form of the bank bailouts, and stresses the distribution mechanism. Makes the point that a great part of the financial industry does not perform essential functions for the real economy and have to be closed down.

Sarah Wagenknecht points to the different reasons for Germans to support a Greek exit from the Euro. She argues that a separation of the Eurozone would lead to extreme currency speculation, import problems for Greece as well as a much to expensive German mark.

Sign off, Extro



Comments

Our automatic spam filter blocks comments with multiple links and multiple users using the same IP address. Please make thoughtful comments with minimal links using only one user name. If you think your comment has been mistakenly removed please email us at contact@therealnews.com

latest stories

Standing Rock and the Struggle Against Corporate Power
Greece's Debt Relief Conundrum
Argentina's President Macri Faces Increasing Scandals and Resistance to His Return to Neoliberalism
The Blue State Where Progressive Reforms go to Die
Trump's Job Promises are Fiction - Free Trade is Fiction, Too
The Bizarre Far-Right Billionaire Behind Bannon and Trump's Presidency
In Sharp Contrast with Flynn, Trump Appoints Establishment Figure to NSC
Trump Wants to Defeat ISIS By Using Policies that Gave Rise to It
Whistleblower Teacher Says Defunded Public Schools Vulnerable to Mass Privatization
Sentencing of Israeli Soldier for Killing of Palestinian Exposes Contradictions of Occupation
Trump's Turn from Two-State Solution Sows Crisis for Fatah, Hamas
Ecuador Elections Appear Headed Towards Run-off
Cultivating Social Justice Work in West Baltimore
Empire Files: President Correa on His Legacy & Critics
Baltimore Students Push For Statewide Styrofoam Ban
Survey Shows Support Growing For Palestinians Among Canadians
X: Malcolm's Final Years
Steve Bannon Allies with Catholic Theo-Fascism Against Pope Francis (2/2)
Would Keith Ellison Pursue Reconciliation or Lead Insurgency Within DNC?
Ecuador's Presidential Election is the "Stalingrad" of Latin America's Left
How E.U.'s Migration Policy Enables Migrant Smuggling
Trumponomics: Empowering Proto-Fascists
Pope Francis Calls for Broad Front Against Tyranny and Savage Capitalism (1/2)
The Real Baltimore: Maryland Democrats Consider Blocking Cities From Raising Their Minimum Wage
TRNN Replay: Confronting Financialization on Steroids - Costas Lapavitsas on Reality Asserts Itself (8/8)
Court Rules Newly Confirmed EPA Head Must Release Thousands of Emails
A Day Without Immigrants: Thousands Hold Boycotts and Demonstrations Against Trump
Trump and Netanyahu Acknowledge the Death of the Two-State Solution
The Real Baltimore: Should Baltimore Raise its Minimum Wage to $15/HR by 2022?
IMF Lent to Greece Knowing It Could Never Pay Back Debt

TheRealNewsNetwork.com, RealNewsNetwork.com, The Real News Network, Real News Network, The Real News, Real News, Real News For Real People, IWT are trademarks and service marks of Independent World Television inc. "The Real News" is the flagship show of IWT and The Real News Network.

All original content on this site is copyright of The Real News Network. Click here for more

Problems with this site? Please let us know

Managed Wordpress Hosting