Ifo's Sinn - E.German strikes to hurt investment

Newswire

BERLIN, June 24 (Reuters) - The strikes in east Germany over working hours will damage the region's image as an investment location and discourage firms from setting up there, the president of Germany's Ifo economic institute said on Tuesday. "The strikes will have an almost catastrophic effect on the east...the dramatic rise in wage costs hurts its attractiveness in the minds of investors," Sinn told reporters on the sidelines of Ifo's annual press conference in Munich. German ...

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