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- W2621167082 abstract "Germany is riding high once again. It is true that the German economy suffered its worst slump since the founding of the Federal Republic owing to the global crisis of 2008, but the effects on its labour market were less severe than in any other EU country. The German ‘employment miracle’ was born and was held up for admiration all around the world. What happened next was what Chancellor Merkel had predicted early on: Germany emerged from the crisis ‘stronger than before’. This second part of the success story began with particularly high growth rates from autumn 2009 onwards. But Germany’s export-driven industry, on which it was based, came in for criticism within the EU and, above all, in France. Even greater consternation was caused in some countries by the attempts of German politicians to declare their model an example for the rest of the EU and in particular for the Eurozone. Ultimately, however, much of the criticism has been ineffectual: in view of the euro crisis, Germany now dominates EU affairs more than ever." @default.
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- W2621167082 date "2012-01-01" @default.
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- W2621167082 title "German capitalism and the European crisis: part of the solution or part of the problem?" @default.
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