By LEONID BERSHIDSKY / Pic By BLOOMBERG
Germany’s Hartz reforms of the early 2000s, often lauded as an exemplary fix to a sclerotic labour market, are now in danger from a leftward shift in the party that instituted them at great political cost.
The labour reform package looms large in the German political and economic agenda. Named for Volkswagen AG personnel chief Peter Hartz, who led the committee that recommended it, and implemented between 2003 and 2005, the benefits shake-up was meant to increase incentives to work.It cost then-Chancellor Gerhard Schroeder his political career, and set the stage for […]
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