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Welcome
to our Hotel Network!
Your non stop hotel reservation guide for Hotels in
Germany. We
searched multiple suppliers for the best Room Rate available. Often
GDS (Global Distribution System) suppliers have different room rates, due
to the fact that they individually buy blocks of rooms from hotel chains.
Check
first our Last Minute &
Hot Deals where we put a Monthly update of all known LAST MINUTES! of
all Hotel Reservation Suppliers. This to get & let you informed about
all known Discounted deals in Europe!
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As Europe's largest economy and most populous nation, Germany remains a key
member of the continent's economic, political, and defense organizations.
European power struggles immersed the country in two devastating World Wars
in the first half of the 20th century and left the country occupied by the
victorious Allied powers of the US, UK, France, and the Soviet Union in
1945. With the advent of the Cold War, two German states were formed in
1949: the western Federal Republic of Germany (FRG) and the eastern German
Democratic Republic (GDR). The democratic FRG embedded itself in key Western
economic and security organizations, the EC, which became the EU, and NATO,
while the communist GDR was on the front line of the Soviet-led Warsaw Pact.
The decline of the USSR and the end of the Cold War allowed for German
unification in 1990. Since then Germany has expended considerable funds to
bring eastern productivity and wages up to western standards. In January
2002, Germany and 11 other EU countries introduced a common European
currency, the euro.
Germany's affluent and technologically powerful economy turned in a
relatively weak performance throughout much of the 1990s. The modernization
and integration of the eastern German economy continues to be a costly
long-term problem, with annual transfers from west to east amounting to
roughly $70 billion. Germany's ageing population, combined with high
unemployment, has pushed social security outlays to a level exceeding
contributions from workers. Structural rigidities in the labor market -
including strict regulations on laying off workers and the setting of wages
on a national basis - have made unemployment a chronic problem. Business and
income tax cuts introduced in 2001 did not spare Germany from the impact of
the downturn in international trade, and domestic demand faltered as
unemployment began to rise. The government expects growth to gain pace in
the second half of 2002, but to fall short of 1% for the year again.
Corporate restructuring and growing capital markets are setting the
foundations that could allow Germany to meet the long-term challenges of
European economic integration and globalization, particularly if labor
market rigidities are addressed.
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