ECB backs Bundesbank call for higher German wages

The European Central Bank supports Germany’s Bundesbank in its appeals for higher wage deals in Germany, Der Spiegel magazine quoted ECB Chief Economist Peter Praet as saying on Sunday. Low wage agreements were needed in some crisis-hit countries in the euro zone to bolster competitiveness, the m…

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ECB backs Bundesbank call for higher German wages – Der Spiegel

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