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West Germany did fine on the DM. The first decade or so after reunification was in all respects unusual so I'd rather not try to draw any conclusions from that
by peterfirefly 11y ago
West Germany did fine on the DM.
The first decade or so after reunification was in all respects unusual so I'd rather not try to draw any conclusions from that. They /did/ have trouble around 2000 or so and Schröder was brave/dumb enough to make drastic reforms in order to improve things.
https://en.wikipedia.org/wiki/Hartz_concept https://en.wikipedia.org/wiki/Hartz_concept
(And it turns out that I don't know how to spell Hartz. Rather embarrasing.)
The way I as an outsider understand the economic history of Germany, Hartz IV was the one that really mattered.
Whether or not you agree that Hartz IV helped or that it was necessary, I think you can at least agree that it hurt :/ -- in which case one can't complain that Germany wants drastic measures to be undertaken in Greece without being willing to taste the same medicine itself.