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German Metal Union, Employers Agree on Pay Increase
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Author German Metal Union, Employers Agree on Pay Increase
HenryTo
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PostPosted: Fri May 04, 2007 3:17 pm    Post subject: German Metal Union, Employers Agree on Pay Increase Reply with quote
The latest wage increase agreement between employers and Germany's largest union was not as high as the ECB has feared. With the Euro at all-time highs against the dollar and the yen, and with Spain's real estate sector topping out, my guess is that the ECB will stop hiking either at 4% or 4.25%:

http://www.bloomberg.com/apps/news?pid=20601068&sid=aaxXpY7orqM0&refer=economy
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