Germany 2
Germany is located in Central Europe. It borders the Baltic Sea and the
North Sea. It is between the Netherlands and Poland, south of Denmark. It is
slightly smaller than Montana.
Germany's economy was the world's third most powerful in 1997. The
German economy benefited from robust exports, particularly to other members of
the EU and the US, as well as strengthening equipment investments. But anemic
private consumption and contraction in the construction industry limited the
expansion. Unemployment continued to set post-war monthly records through
the end of 1997 and averaged 4.3 million for the year. In preparation for the first
of January 1999, the start of the European Monetary Union, the government has
made major efforts in 1996-97 to reduce the fiscal deficit. This effort has been
complicated by growing unemployment, an erosion of the tax base, and the
continuing transfer of roughly $100 billion a year to eastern Germany to
refurbish this......
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