I can tell that the minimum wage in Portugal is around 485 Euros (and there is a very significant portion of the population earning just that), so it's not fair

I can tell that the minimum wage in Portugal is around 485 Euros (and there is a very significant portion of the population earning just that), so it's not fair to say the wages are 'even' with Germany. It is really a matter of what you invest on and export: and with few exceptions, the choices made here were not brilliant...