We look at media comment on the 20th anniversary of the collapse of the Berlin Wall, as well as on the German government’s decision to backtrack on promised tax cuts.
Politically, there is no doubt that the fall of the Berlin Wall — and
the reunification of Germany a year later — was a hugely positive event. But economically the process was handled very badly, and the damage remains.
Profits are falling, companies are cutting back on their investments, and large numbers of jobs are being lost. That's what happens in a recession and it is nothing to laugh about. So why did recent news of lower profits make me smile?
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