The world financial crisis is now storming it's way across Germany, it's latest victim the German state bank BayernLB. The Geramn state bank is planning to cut it's workforce down to 29 percent roughly 5,600 jobs by 2013. As Germany's economy is showing signs of weakness, it is hard to not speculate if the economy would effect the politcal stability of Germany in the future. It would be hopeful that the German government stays strong and does not deteriorate into something less desirable like it has happened in the past.
Laura K.
http://www.washingtonpost.com/wp-dyn/content/article/2008/12/01/AR2008120100472.html
Subscribe to:
Post Comments (Atom)
1 comment:
Laura, Im pretty certain that Germany will survive this faux-crisis. After all they are Europe's largest economy. I dont think that we should underestimate the wealth of the german middle class. Inevitably they will bounce back theyve done it a dozen times.
Andre.BP
Post a Comment