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Even with those "cuts" the German wages are still 2 times over the "southern countries".

Except if you mean to say that those in the South are less humans and do not deserve even half the wages and social welfare that Germans do --which Germany has historically said in a few occasions...



Again, this is not what happened.

e.g. see here

http://www.voxeu.org/index.php?q=node/7536

Unit labor costs in Germany increased 5% (essentially was flat) from 2000 to 2011, Greece costs increased 40%, Spain 30%, Italy 30%.

The graph very clearly explains why Germany has substantial economic growth.

(Google "unit labor costs europe" for other sources)


relative. How about absolute numbers?




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