The German banking system came under pressure during the financial crisis, not least due to its significant exposure to toxic assets which originated in the US. In the short run, the stability of the system has been achieved, as discussed in this working paper.
The potential growth rate of the economy has been low for a long time and the crisis has had a further adverse impact, as discussed in this working paper.
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Agreement between Germany and Saint Lucia for the exchange of information relating to tax matters
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Agreement between Germany and the Cayman Islands for the exchange of information relating to tax matters
Speaking at a conference in Berlin, Angel Gurría says that a new architecture of financial reform together with sustainable fiscal consolidation strategies, structural reforms and efforts to explore new sources of growth will be essential to build a stronger, cleaner and fairer world economy.
Further fiscal easing in late 2008 and early 2009 contributed to a markedly widening fiscal deficit in 2010. A newly enacted fiscal rule will help bring public finances back to a sustainable path, as discussed in this working paper.
OECD-Studie Taxing Wages: Die Steuer- und Abgabenlast für Arbeitnehmer ist im vergangenen Jahr in Deutschland deutlich stärker gesunken als im OECD-Schnitt. Bedingt durch die Erhöhung des Kindergeldes im Jahr 2009 war die Entlastung bei Familien und Alleinerziehenden größer als in Haushalten ohne Kinder. Für alle untersuchten Haushaltstypen liegt die Abgabenlast nun unter dem Niveau des Jahres 2000 und das obwohl die nominalen
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Reviews of Higher Education in Regional and City Development are the OECD’s vehicle to mobilise higher education for economic, social and cultural development of cities and regions. They analyse how higher education systems impact local and regional development and assist in improving this impact.
Faced with unprecedented levels of unemployment, unsustainable fiscal deficits and public debt and weak economic growth, governments need to focus on innovation and pro-green policies as potential new sources of growth, says OECD Secretary-General Angel Gurría.
Angel Gurría provides an overview of labour market conditions in OECD countries and explains why large fiscal deficits complicate the policy options even further. He also describes what governments should do to promote a job-rich recovery that benefits all workforce groups, including the most vulnerable.