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«Many to most of its member states are deep in debt after salvaging banks. But the Union itself has next to none. Even with buy-outs of national debt since May last year, its own debt is under 1% of its GDP.
This is less than a tenth of the level from which the US issued bonds to finance the New Deal whose success gave it the confidence to fund the Marshall Aid which recovered Europe from WW2 and from which Germany was a key beneficiary». (aqui o texto na íntegra)
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