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Can the German machine start again?! |
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Hazem Tayara - Aljazeeratalk - Kassel
 By reaching 1.39 the Euro reaches it’s highest rate against the US Dollar and that added more suffering to the German economy which is in a deep cries for more than five years.
The biggest in Europe and the one who owned a unique reputation for decades out of the world various economies.
Thus the German economy is trying to recover from a long term limping due several heavy loadings started from adopting the Euro as a currency instead of the German Mark.
 This economy which depends on his huge manufacturing maybe the auto motors and the heavy machinery forming the strongest sector of his body with a good share of the electronics and medical equipments makers in this economy, all this sectors are losing their importing clients from out the EU zone because of the increasing value of the Euro.
For example the customer from out of the EU who used to have an E class from Mercedes before 2002 was baying between 40 to 50 thousand German mark and now he is baying nearly the same amount of digits but in Euros (40-50 thousand) the replace of German Mark between 2002 and 2003 was 2=1 or two German Mark equal one Euro that means the customer is baying almost the double, so and as a result many clients started to import from anther countries like the US or Japan and the far East which all having another currency mostly the US Dollar in their importing exporting dealings .
 It’s not the only problem the German economy is suffering from but as many expert seen this was the foundation stone in his recent cries and generates more than one problem one of this is the unemployment percent which hardly comes under 10% after massive efforts from the work department and other departments all this high percent of unemployment came after big companies like Opel and WV and Siemens-BenQ were forced under their financing and reforming pressure to fired thousand of their employees as well as many small companies and investors were broke up while other left Germany, and on the other side the German government and due to German system find it self forced to bay millions of Euros to those unemployment people as an unemployment’s benefits and the German economy is hardly afforded.
According to recent report of the German Institute of Economy the German economy did not achieve more than 0.4 of growth in the last quarter and in general 1.75 in growth in 2007 but the expected growth percent was 2.8% while neighboring and fresh EU member Pollen is achieving 5,8 percent of growth.
In spite of all many think that this powerful economy still able to make it’s recovery and refined the right truck.
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This economy which depends on his huge manufacturing maybe the auto motors and the heavy machinery forming the strongest sector of his body with a good share of the electronics