Germany posts record post-war unemployment

Germany has a record level of unemployment. Shroeder's government has made some inroads to tackle the issue very similar to the welfare reform act passed by a Republican congress and signed by President Clinton.

Schroeder's government had cut jobless benefits and forced claimants to take low-paid jobs in an attempt to get more people into work in Europe's largest economy.

I suspect that tougher measures are in store. A crisis such as this may be the catalyst that ends the European nanny state.