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Germany cresting the wave - A reform agenda for the Grand Coalition
Barbara BoettcherKlaus Deutsch
With Germany's Grand Coalition two years into its first term, it is time for a midway review of what the government has achieved so far and a look at what the second half of the legislative period might bring.
With Germany's Grand Coalition two years into its first term, it is time for a midway review of what the government has achieved so far and a look at what the second half of the legislative period might bring. The Grand Coalition still lacks assertiveness in its economic and social policy. Reforms of corporate and investment income tax have been addressed only half-heartedly; the tax landscape is a work in progress. Structural energy and environmental policy reforms will be launched. The higher cost of environmental awareness should be another reason to lighten the tax and contributions load. [more]
For the first time in five years Germany is back in recession. Economic output has been on the decline since the second quarter of 2008. The financial markets crisis and the global economic downturn will weigh heavily on growth in 2009. [more]
Happy regions in Germany share many things in common: they all score well not only in terms of life satisfaction, but also with regard to trust in fellow citizens, state of health, unemployment, birth rate and income. [more]