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A real effective devaluation was achieved through severe cuts in nominal income.

Oh, here's a German admitting that what Germany did and continues to do is called "real effective devaluation"?

Germany has been cheating on us all along?

by afew (afew(a in a circle)eurotrib_dot_com) on Fri Dec 17th, 2010 at 02:54:57 PM EST
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