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Had Germany pursued a policy of avoiding loans and forgoing sales to Eurozone deficit countries they would not have the problems. But the ability to squeeze EZ trade partners once they had no ability to depreciate their currency was a prime factor in Germany's willingness to join the EZ. Competitiveness is not a matter of physical or social infrastructure or business capital assets, you see, it is having the right morality - living to work instead of working to live and being a docile and even eager cog in a machine run for the benefit of a few, while, of course, suppressing any thought of their activity benefiting disproportionately a very few.
"It is not necessary to have hope in order to persevere."
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