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Bernard M - English Conversation / TOEFL / IELTS 一對一英文會話

Friday, July 23, 2010

Germany Reaps the Euro's Reward By Simon Kennedy FROM Businessweek

"With the common currency preventing governments from devaluing their way to growth, Germany had to squeeze labor costs to boost productivity and regain its competitive edge. Other euro zone countries, including Spain and Greece, opted instead to accept generous pay raises for their workforces to stimulate their economies in the new age of monetary union."

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