... and another indication of where things are going in Europe and Germany
Dimitris Kazakis, economist and leader of EPAM (United People's Front), a political formation against Troika neoliberal policies in Greece, has given a very important fact, speaking on journalist George Tragas' broadcast, last December:
“German economy, due to crisis, is changing direction. This changing direction is that, now, is gaining more advantages by selling money. This means that, actually, at the moment, German economy seeks to retain a very high, clear, international investment position, which means, how much capital exports, and exports 36% of GDP. It is the highest percentage in global economy. This is the main target, not products exports so much.”
This is a fact which shows that, the German economic oligarchy tries to protect its capital by any means, but also that, with this capital escape, blackmails German governments in order to force them to apply the "Greek experiment" model.
This means that, the German government will be forced to proceed in huge cuts in wages and dissolve labor rights - as a gift to the German economic elite - so that production and products exports to retain their percentage on GDP and therefore, avoid the loss of jobs and keep unemployment percentage at current level.