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Miltank posted:Why did austerity work so well in Germany? A few economists have pointed out that Germany has not in any recent memory fully repaid a major nation-level debt. There's always been some debt forgiveness to go along with reforms. There's also the argument that the crushing debt payments to the country (and the austerity that went with it) after world war 1 were a major destabilizing factor that helped Hitler rise to power. BabelFish fucked around with this message at 23:52 on Jul 15, 2015 |
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Jul 15, 2015 23:45
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demonicon posted:Okay so Germany increased its exports to markets outside the Eu? So you agree that eu countries don't have to be net importers for Germany to be a net exporter? The Euro allows Germany to export more cheaply and easily than it would be able to with a much higher valued Deutsche Mark. Even if they import more to balance it out, it keeps the factories running and unemployment low, leading to a happier populace.
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Jul 16, 2015 18:06
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