Chancellor Angela Merkel insisted Tuesday that Germany must keep its labour costs competitive, insisting that to ease up would do nothing to help Europe as less economically successful countries struggle with the debt crisis. Germany enacted labour market reforms over the past decade and, in recent years, employers and employees have agreed on relatively restrained wage increases. That's helped Germany's success on export markets, but some economists and officials outside Germany worry that that success comes at the cost of other, less competitive, countries in the 17-nation eurozone. The cap on wage increases has ... (full story)