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   Investment Thoughts - Macro Observations

Germany: A land of milk and honey?
Germany, Food for Thought, Early Warning Indicator

Take:

"A full pension at the age of 63, an additional pension for "older mothers", disability pensions and now plans to use unexpectedly strong tax revenues to abolish so-called "cold" tax progression. Has Germany become a land where milk and honey flow with no end in sight?"

 

 

Quote-Deutsche Bank Research, Talking point, April 30, 2014

30.04.2014


 

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