We are writing from Germany, where we just finished participating in a highly enlightening conference in Berlin titled Transatlantic Agenda for Shared Prosperity. The conference was co-sponsored by the AFL-CIO from the U.S. side of the Atlantic, and the Macroeconomic Policy Institute and Friedrich Ebert Foundation from the German side.
The basic theme of the conference was how to advance viable alternatives to the austerity agenda that is presently consuming both the U.S. economy, and even more destructively, the Eurozone economies, including Germany. The full program for the one-day conference is here. Among the Eurozone economies, Germany has fared relatively well. Of course, this is all relative, since other Eurozone economies, such as Greece, Spain, Portugal, and Italy, are in severe recessions.