ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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WEST GERMANY-On the Horns of Dilemmas

WEST GERMANY On the Horns of Dilemmas Saral Sarkar THE economic crisis has deepened in West Germany, and with it the social and political crisis. From stagflation the economy has slumped into recession (with inflation continuing). The number of unemployed, which was below one million just one year ago, has reached the "alarming figure'' of two million, and everyday more retrenchments are being reported. 11,653 firms have declared bankruptcy in the last year. Even firms which have transferred production to the low- wage Third World are not safe. Rollei- Singapur, producers of the erstwhile world-famous Rolleifiex cameras, have gone bankruptSteel giant Hoesch has to merge with another giant Krupp in order to survive.

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