Merkel Cites East German Lessons for EU’s Problem States
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Chancellor Angela Merkel said that European countries burdened by the fallout of the euro-area debt crisis can learn from East Germany’s experiences of economic overhaul after the fall of the Berlin Wall.
Merkel, Germany’s first chancellor from the former ccommunist east, said in a speech to regional professionals and trade-chambers representatives yesterday that her East German background had taught her there is no way around enacting reforms to become more competitive.