Thatcher right about the Euro

StevieJ

Thrugelmir wrote: »

Germany has had the issues of unification to deal with. So much so, that Germany is only one of 2 European countries not to have a minimum wage. Perhaps why one reason they've managed to maintain overall competitiveness. Cheap unskilled labour force.

As Maggie preached a free market economy.

Maybe they don't need a minimum wage with strong trade unions unlike the puppy like unions now in place in the UK?

German trade unions plan to demand big pay increases this year and look set to get their way. Economists say that after years of wage moderation, it is high time that German firms agreed to bigger hikes -- not least because this would help the entire European economy.

http://www.spiegel.de/international/germany/german-trade-unions-demanding-big-pay-increases-after-years-of-restraint-a-876268.html

The same for socialist Sweden, with the OECD whinging about high unofficial 'minimum wage'

The OECD on Monday urged Sweden to do more for those excluded from the job market, saying high minimum wages and poorly targeted integration policies were leaving some groups mired in poverty.

http://www.thelocal.se/jobs/?site=tlse&AID=45122#.UWU4pDc2LTw

StevieJ

purch wrote: »

She also indulged Nigel Lawson and his infatuation with "shadowing" the Deutsche Mark during 1987/9 which led to the UK having a base rate far too low for the general economy which led directly to the problems faced in 1989 onwards.

If she was aware of it