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| Author: | Shirreff, D. |
| Title: | The achilles heel of Europe |
| Journal: | Euromoney
1996 : APR, 4, p. 50-55 |
| Index terms: | GERMANY, EAST MONEY EUROPE |
| Language: | eng |
| Abstract: | Why Achilles heel? Because the Bonn government -- once the single-minded champion of European economic union -- is paralyzed by problems in its own backyard. It has pumped billions of Deutschmarks and man-years of management into its five new Lander, but they show little sign of surviving without life-support. And Germany's slide into recession, in the west and the east, could jeopardize an early move to European economic and monetary union. On the Potsdamer Platz, which was once a wasteland between east and west Berlin, the contractors have made an inland sea. |
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