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Friday, August 12, 2011
Economic Growth, Not Fiscal Prudence, Explains German Success
It’s a small thing, but one problem with basic too much economic writing on national stereotypes is that you get sentences like “[t]he bloc?s more fiscally prudent members ? above all Germany, Europe?s largest economy ? have endorsed multibillion-euro financial rescues for Greece, Ireland and Portugal, eased the terms of these rescues after they appeared [...]
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