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How Greece resembles East Germany

Published Thu, Apr 9, 2015 · 09:50 PM

GREECE'S seemingly interminable wrangling with its creditors over resolving its unsustainable debt demonstrates many characteristics that are strongly reminiscent of the years of psychological attrition between East and West Germany before reunification in 1990.

Financial and political polarisation between Greece and Germany - the most vocal debtor in the euro area and the largest (and most vulnerable) creditor - displays significant similarities to the tensions betwee…

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