Chancellor Angela Merkel's Cabinet has adopted a report outlining social and income disparities in Germany after four months of delay. Critics accuse her coalition of rewriting findings to mask a widening rich-poor gap. "Social Situations in Germany," the 548-page report released on Wednesday by the conservative-liberal government, faces widespread criticism from social welfare organizations and opposition parties. It shows that in Germany, Europe's largest economy, the richest 10 percent own 54 percent of the country's assets, that half of all households possess 1 one percent combined, and that between 14 and 16 percent of people are classified as living in poverty or facing the risk of impoverishment.On Wednesday, Economy Minister Philipp Rösler - who heads the liberal Free Democratic Party (FDP), the junior partner in Merkel's government - defended changes made to the text of the report since its intended publication date last November. "I regard it simply as electoral campaign rhetoric," said Rösler, referring to opposition criticism of the report ahead of Germany's federal vote in September. "Everybody knows that Germany is doing better than it has done for a long time. That's reflected in the good labor market and economic growth trends," Rösler said, alluding to Germany's relatively robust status amid the eurozone crisis in nations such as Greece and Spain.
GMT 17:19 2018 Thursday ,11 January
China factory gate inflation slows to 13-month lowGMT 17:50 2018 Wednesday ,10 January
German industrial output rebounds in NovemberGMT 17:39 2018 Wednesday ,10 January
Samsung tips record Q4 operating profit of more than $14 bnGMT 17:29 2018 Tuesday ,09 January
German industrial orders dip in NovemberGMT 15:36 2018 Thursday ,04 January
China factory activity accelerated in December: CaixinGMT 13:33 2018 Wednesday ,03 January
Turkey inflation rate eases but still stubbornly high in DecemberGMT 16:27 2018 Monday ,01 January
China manufacturing activity slows in DecemberGMT 17:36 2017 Sunday ,31 December
Spain to leave EU's deficit 'sin bin' next year: Rajoy
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor