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Germany to have minimum wage
Summary
22 November 2013
Germany is to introduce a national minimum wage. Chancellor1 Angela Merkel said she'd concede this measure to the Social Democrats3 with whom she is negotiating to form a coalition4 government. The move was welcomed by other countries in the Eurozone.
Reporter:
Steve Evans
Report
Chancellor Merkel said she would accept the minimum wage but, in return, would not accede5 to Social Democrat2 calls for higher taxes.
The French finance minister welcomed the floor on German pay as a signal of what he saw as a more cooperative German attitude within overall European economic policy.
It is not clear, though, that a German minimum wage would transform the European economic situation. It all depends on what level it is set at, and there is great resistance in Germany to doing anything which would make German exports less attractive.
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