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304. What Are the Secrets of the German Economy — and Should We Steal Them?

Freakonomics Radio

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What Happened to the German Economy?

There was huge euphoria about reunification. But then, i mean, this mood changed fairly quickly. It was difficult for west germany to absorb east germany. One big difficulty was getting east and west using the same currency. Zettelmeier argues that from the german perspective, the eurea was overvalued. The new scenario inspired an exodus of german capital.

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