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... in Denmark as well, particularly in Aluminium and other export-heavy sectors.

But calls have gone out from Arbejderbevægelsens Erhvervsråd1 saying that this is A Very Bad Idea, because the problem is not with competitiveness, it is with a lack of demand, which is not solved by wage cuts - quite the contrary, they make things worse. (Translation into ET-speak: This is a demand-side crisis, and trying to solve it with supply-side policies is - at best - a beggar-thy-neighbour strategy.)

- Jake

1) AE-rådet are the serious people employed by the labour unions to try to spread a little sanity in public debate.

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue Mar 3rd, 2009 at 04:49:19 AM EST

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