Study: Germany to escape recession without big job losses:

08/19/2009 | Financial Times (tiered subscription model)

As it emerges from economic downturn, Germany will remain largely untouched by the serious unemployment problems that threaten other developed economies, according to a study by IAB, a labor-market institute. Eugen Spitznagel, a co-author of the study, said subsidies from the German government for companies to keep workers on payroll headed off major joblessness. Chancellor Angela Merkel described the program as a "bridge to the next recovery."

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