Social solidarity
HAIL to Germany's Social Democratic chancellor, Gerhard Schröder, for succeeding in cutting tax rates, whereas his Christian Democratic predecessor, Helmut Kohl, failed. But will lower rates in the EU's biggest economy—and the competition they will exert on France and others to follow suit—be enough to ensure the EU matches its rivals? UNICE, the Brussels-based organisation that represents Europe's employers, has its doubts.
This article appeared in the Europe section of the print edition under the headline “Social solidarity”
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