HOT TOPICS ▶ Climate Change     Undoing The New Deal     The Real Baltimore     Reality Asserts Itself     United Kingdom    

  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

Understanding info is a powerful thing. Thank you to all of your reporters for making a significant difference. - Nancy SmithEaken
Log in and tell us why you support TRNN


In 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


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

latest stories

Trump and the Rise of the European Right, with Reps of UK Labor Party, De Linke, Podemos, and Syriza
Petroleum Executives Visit Trump, Increasing Offshore Oil Drilling
Corbyn Allies in Labour Attacked For Supporting Palestinian Struggle
Kochs and ALEC Behind Criminalization of Dissent Bills in Five States
West's Anti-Russian Fervor Will Help Putin Win Election On Sunday
Stephen Hawking: Fighter for Progressive Politics
Paul Jay: Threats facing Humanity, Russiagate & the Role of Independent Media
Corbyn Smeared as 'Russian Stooge' for Requesting Evidence on Poisoned Spy
Chief in Charge of Internal Affairs To Retire from Baltimore Police
Corbyn Calls for Evidence in Escalating Poison Row
Sanders Resolution Against War in Yemen Challenged by Mattis
Senate Expands 'Lobbyist Bill' to Deregulate Real Estate
Expressions of Afro-Asian Solidarity during the Cold War
Economic Benefits of Tax Cuts Should Have Arrived - Where Are They?
Trump's Tariff Travesty Will Not Re-Industrialize the US
Is Another World Possible? - Leo Panitch on RAI (4/4)
Students Demand Leaders Address the Root Causes of Gun Violence
Far-Right Ministers in Chile's New Government Placed in Sensitive Positions
Israeli Military Strangles Its Own Weapons Manufacturer to Privatize It
Not Without Black Women
Newly Tapped Sec of State Mike Pompeo Comes with Deep Ties to the Koch Brothers
The CIA's New Torturer-in-Chief
Anti-Pipeline Indigenous 'Mass Mobilization' Has Begun
UN Rapporteur: US Sanctions Cause Death in Venezuela
Colombia's Conservatives Make Gains in Congress Vote Amid Fraud Allegations
Wilkerson: Trump Won't Make Peace with North Korea
The Rise of Jeremy Corbyn and Class Struggle in the UK Labour Party - RAI with Leo Panitch (3/4)
Western Governments Whitewash Saudi Dictator MBS as 'Reformer'
US Cowardice Prevents Middle East Peace
Should China Maintain its Non-interference Policy toward Africa?,, 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

Web Design, Web Development and Managed Hosting