Colin's Journal

Germany seems to be taking the wrong approach to reducing its budget deficit. On the bright side at least they are trying to stay within the current spending rules, but by cutting defence spending they will reduce what little influence they have on foreign affairs. Additionally the cuts will not address the real problem Germany has – which is unemployment.

Hopefully we’ll see Schroeder’s coalition government collapse and elections called – although I’ve no idea how likely that will be. It seems it’s only with a change in government that we’ll see some serious economic reforms taking place and the long awaited drop in unemployment happening. One aspect of Germany’s current woes however is encouraging to hear: more Germans are looking to work elsewhere in Europe. The more that Europeans live and work in other parts of the EU the faster the EU will grow, and more importantly the more understanding of others will spread. I’m hoping to work on the continent myself one day, so I’ve got added interest in seeing others working throughout the EU.

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