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, where all countries compete; and non-euro-area markets, where, similarly, all countries compete. Whereas France and Germany … in Italy and in Germany …
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measures. However, the competitiveness gap in 2014 vis-à-vis Germany remained unchanged in Italy and Spain, while it increased … marginally in France. The cumulative trend for 1999-2014 in France, Germany and Spain was more favorable vis-à-vis euro …
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