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Miltank posted:Why did austerity work so well in Germany? Net exporters can generally afford to run budget surpluses, but the same cannot be said for net importers. German capitalism was also far healthier at the time of the Great Recession as a consequence of its entry into the Eurozone before, where the shared currency gave it an enormous leg-up in terms of its rate of profit over many of the other Euro countries.
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Jul 16, 2015 00:05
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| # ¿ May 9, 2024 11:31 |
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