This paper describes the legal and regulatory framework under the Immigration Act of 30 July 2004 (Zuwanderungsgesetz). The Immigration Act, made up of several acts and amendments to existing legislation, has established a new concept of managed migration by the Act on Residence, Economic...

With the abolition of exchange rates the role of wage formation in the European Monetary Union changes fundamentally and national economic policy in particular fiscal policy faces new restrictions. These are analysed in the first two chapters. A major impact is expected for wage formation. To...