German Public Workers Strike to Maintain Benefits 1996
In April of 1996, German Chancellor Helmut Kohl intended to implement an Austerity Plan which would limit benefits for Public Works employees and increase the hours in their work week without increasing pay. This plan would reduce Germany’s spending by $33 billion, contributing to a decrease in their budget deficit. A decreasing budget deficit would enable Germany to join other European nations in creating and using a single European currency (what would become the Euro).