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The Germans Are More Fearful of a Return to Inflation
Every recession has had higher basic unemployment rates than the previous recession. And every inflation has had higher inflation. We've got to get that tilt out of the society. Once you are in it takes a long time to get out of it. That is what i am preaching now, that we should avoid at all costs to get again into this vicious circle,. It took us also four years to get out from eight % inflation. Four years to get down to three%. To years? Ile, yes.