Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Yes, certainly a large part of it is cyclical. Booms (or busts) never last forever.

As for the reintegration of the East German economy, it may take even longer than 20 years. Reintegrating the South back into the US economy after the Civil War took over a century. I think the scope of the problems in the two cases are comparable.

by TGeraghty on Fri Dec 8th, 2006 at 05:33:29 PM EST
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