Tuesday, May 03, 2005

EU - Supersize me

One year on from enlargement and the 10 new EU member states economies are growing nicely - but resentment is building among some older EU members struggling to compete. Has the EU swallowed more than it can chew ? A good example is Siemans in Germany using the threat of relocation Eastwards to force a pay freeze on it's employees. The German state has cut domestic corporate tax rates to try and keep jobs from being exported but it'll take a lot to make those employees welcome enlargement. more from the EuroObserver...

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