I hope the signs of Germany's economic turnaround, discussed in "Back on Track" [July 26], are real. But this recovery must be export driven. The country's lack of domestic consumption is not due to fear of the future but to people not having enough money in their pockets. Economic reforms, necessary as they are, will leave most consumers with very little disposable income. Retirement plans will be smaller, forcing people to save more for the future. The high prices for gasoline do not help the consumer either. As your story reported, with the compromises the...
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