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In 2004, Germany became Europe’s ‘king of debt’ in absolute figures, thereby leaving behind even Italy, for decades the …. However, if politicians shy away from such a reform, the only option for solving Germany’s stagnation should be to leave EMU. …
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We test for real interest rate convergence in the EU25 area. Our contribution is twofold: first, we account for the … have important implications relating to the single monetary policy and the progress new EU members have achieved towards …
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