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  This is interesting Howard and demonstrates what I have been saying about how the Eurozone has been operating shifting wealth from weaker countries to the stronger countries. Germany in particular benefits from how the weaker countries hold down the Euro while the weaker countries suffer more from the Euro being too high for them. This is about more than the budget deficits, though they are a serious problem, the Euro is at the centre of it all and the deficits can be partly dealt with by quitting the Euro.

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