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Re-balancing in Europe: a process of utmost importance and prerequisite for long-term recovery
10/24/12
We could read today in various newspapers that the IMF sees progress in the structural reforms in Southern European countries. The re-balancing of the wage levels to non-distorted conditions is a key process for long-term recovery. Following graph is amazing!
Keywords: European Crisis, Market Distortions, Re-Balancing
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