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New York Times (November 16)

2011/ 11/ 17 by jd in Global News

In Europe, “there is very little time left to avoid financial catastrophe.” Much of Europe’s fate now lies in the hands of Germany’s Chancellor Angela Merkel. Unfortunately, she has been following, rather than leading. “She needs to challenge her voters’ simplistic stereotypes of southern European sloth and tell them the truth: The real threat to Germany isn’t inflation; it is an economic collapse across Europe.”

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