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Written by: Magazine Team on June 5, 2014.

Germany saves money

The optimism in Germany sinks. The industry is the most sensitive part that is loosing the speed in right direction and the German Ifo Institute for Economic Research moderates the hope that Germany on its own will be able to help Euro countries out of crisis. Instead, the neighbours like France begin to bond the German economics. The future does not look so nice neither because of the crisis in Ukraine. Specially for the companies that exports to Russia it is more difficult than for others. The German industry is in difficult period now. But for car industry it is better situation because demand for cars is high. They hire more people to be able to manage the production of all new cars. Last year, e.g. Mercedes hired around 4500 people for working during the summer time. VW Wolfsburg Autotürme Volkswagen- Das Auto! The image is found at http://www.spiegel.de The companies that build new dwellings have light future but on the other side the road workers are not so optimistic because the government is trying to save some money. The coming months are not so very positive for the hotels and restaurants while advertising companies are optimistic and they hope that their sale will increase. Comparing to the situation in April, the number of unemployed people in Germany has inceased with 24000 which is not so gratifying news and during these  last years the risk for become poor in Germany has increased from 15 to 16,1 precents. The poverty increases and the life of part-time employees is not so easy. E.g. every 5th German works on part-time and their lifes have been more difficult than before. The worst situation is for people who are coming in or out of the labor market. Will Germany succeed to protect itself  and also the whole EU in this coming period? It simply remains to be seen!  




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