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Ankel Hassel gives PERG guest lecture on Germany´s export dependency and the future of the Eurozone

  The European sovereign debt crisis has exposed deep structural disparities in the economically and politically fragile Eurozone. While states on its periphery -but also a number of core states- are struggling, Europe’s leading economy, Germany, has been thriving. Low wages, limp domestic demand and a large current account surplus are widely regarded as major ingredients of Germany’s success. At the same time, these ingredients are seen as a stumbling block to the recovery of other European economies.

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