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Germany is being crushed by its export obsession

Germany is being crushed by its export obsession

‘The country’s recent success has been based on cutting wages’, writes Adam Posen
 
This is in one sentence what I intended to show with yesterday’s post. It is also quite a different message than today’s editorial in Helsingin Sanomat, where it is said that ‘Maybe we’ll see the day that the austerity policies practiced in Europe and guided by Germany will get thanks.’ (in relation to a possible recovery led by Germany).
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