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Because the argument is that Versailles was self-defeating punishment of Germany like the "rescue" is self-defeating punishment of Greece. The 1953 debt forgiveness is not a "self-defeating punishment".

There are three stories about the euro crisis: the Republican story, the German story, and the truth. -- Paul Krugman
by Carrie (migeru at eurotrib dot com) on Wed Feb 29th, 2012 at 10:23:23 AM EST
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