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For as long as the Marshall plan operated, Germany was building its economy with the help of the then exporter of last resort, the US. That was actually a shift in policy, the original intent was to destroy German industry forever. Then in 1971 when Nixon killed Bretton Woods, the US turned to absorbing Germany's trade surplus.

Economics is politics by other means
by Migeru (migeru at eurotrib dot com) on Thu Jun 2nd, 2011 at 07:30:27 PM EST
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