German wage increases amongst EZ traction - BBH

FXStreet (Guatemala) - Analysts at Brown Brothers Harriman suggested that German wage increases may surpass the rate of inflation.

Key Quotes:

"It need not reflect a change in regimes or the German model. Nevertheless to the extent that German wages rise faster, it removes some pressure from other countries to push wages down to be more competitive."

"In this context German wage increases should be seen as a net positive for the eurozone, were a weak, fragile and uneven recovery appears to be gaining some traction prior to the launch of the new, more aggressive asset purchase program by the ECB."