Jean-Claude Trichet, the European Central Bank president, insisted this week that Germany’s introduction of “unnecessary minimum wages” would hit jobs.
His warning came after Pin Group, a mailing company owned by one of the country’s largest press businesses, announced plans to cut 1,000 of its 9,000 staff when a minimum wage of up to €9.80 ($14.36, £7.07) an hour was introduced in the postal sector next month.
