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Ireland has regained competitiveness.
It regained competitiveness through wage cuts and fiscal restraint, rather than by devaluation.
The Bundesbank said the country might have inflation above the euro zone average as other countries regained competitiveness.
Instead, the country regained competitiveness the hard way, by raising productivity, while the government balanced its books by raising taxes and cutting spending.
The German economy, once a laggard in the euro area, has regained competitiveness in the last couple of years by sacrificing higher wages.
It is still (just) the world's biggest exporter; thanks to impressive discipline over wages, its companies have regained competitiveness; and its public finances are in better shape than most.
Similar(48)
Volkswagen, Brazil's top selling automaker, is trying to cut costs and regain competitiveness as sales have slipped from greater competition and an economic slump.
And Ireland is regaining competitiveness.
Nevertheless, a real problem remains: how does Greece regain competitiveness?
François Hollande recognises the need for France to regain competitiveness.
To regain competitiveness, wages must fall or productivity must rise.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com