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So either Germany gives up its current account surplus or ...

No, its the other way around: we have to give up trade deficits. That is the purpose of structural reforms, which are necessary irrespective of whether we have the Euro or not. It has nothing to do with the Euro. The problem is one of adapting traditional societies to the competitive environment of the modern world.
by The European on Mon Mar 11th, 2013 at 07:02:19 AM EST
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