Germany just increased their labor wages, a weird decision at current economic situation! Once inflation works its way into wage growth, wages propel inflation further upward. So European Union is worried about Germany. And this is not not the only reason, as ECB battles against inflation that results in a strong Euro, this is actually threatning the long term viability of Euro. If any major EU country (such as France) plans to drop Euro (they can do it anytime under the initial Euro treaties), value of Euro will nose-dive in global financial markets. For that matter, Germany - the strongest EU economy, is equally unhappy about having to ‘carry' the Euro and the weaker economies!!
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