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Table of contents; Basic statistics of Germany, 2012; Executive summary; Main findings; Key recommendations; Assessment and recommendations; Economic growth is strengthening but medium-term prospects need to be improved; Figure 1. Key economic indicators; Figure 2. The current account, the trade bal...

Effective resolution tools are important to remove failing banks from the marketFigure 6. Perceived government guarantees for major banks across countries; Reforming the public banking sector further; Recommendations on strengthening the resilience of the financial sector; Fostering better balanced,...

Strengthening the contribution of the services sector to economic growthFigure 8. Real value-added and productivity growth in manufacturing and services; Regulatory barriers hold back competition in network industries, professional services and the crafts; Making support for renewable energy more co...

Recommendations to strengthen potential growth and to mitigate the impact of demographic change on living standardsMaking economic growth more socially inclusive; Avoiding labour market duality; Figure 11. Relative poverty and income inequality; Table 3. Exposure to poverty of workers in non-regular...

Recommendations to make economic growth more socially inclusiveBibliography; Annex. Progress in main structural reforms; Improve labour market performance; Improve competition in product markets; Make health care financing more sustainable; Make the education system more efficient; Maintaining publi...

German banks have weathered the euro area crisis well but domestic lending growth remains weak