111.   The German economy is entering what appears to be a period of severe strains owing to high labour costs and the high value of the mark.

112.   The figures immediately sparked speculation of a rise in US interest rates, which had been dampened by figures on durable goods orders and labour costs.

113.   The labour market remains tight, with unemployment virtually non-existent, pushing up labour costs.

114.   The main points of the plan call for additional flexibility on wages, mobility and contracts, and a reduction in indirect labour costs such as social protection.