--- Dennis Robert Redmond <dredmond at efn.org> wrote: >
On Thu, 3 Jan 2002, Seth Ackerman wrote:
>
> Rebalancing needn't result in catastrophe; if the
> dollar fell 35% against
> the euro, its likely true value, and the new
> metropoles continue to pour
> ungodly amounts of liquidity into the world-system
> (latest news-flash: the
> EIB is sinking another 400 million EUR into Poland),
> things might turn out
> just fine.
How much of Germany's economic problems can be attributed to the integration with East Germany? I would guess quite a bit, but presumably there must be some advantages as well (a cheap labour source for example).
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