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  • Germany is feasting on the rest of Europe

    07/19/2015 3:08:56 PM PDT · by BlopAndStop · 35 replies
    Business Insider ^ | July 19, 2015 | Corey Stern
    The situation in Athens seems to have calmed down, but former Federal Reserve Chairman Ben Bernanke thinks Europe has an even bigger issue to worry about: Germany. In a blog post on Friday, Bernanke wrote that the failure of the eurozone as a whole is very much related to the "highly asymmetric outcomes" among member nations. In other words, Bernanke is attributing Europe's woes to the fact that countries like Germany are benefiting at the expense of the monetary union's weaker members, like Greece, Spain, and Italy. Bernanke points to unemployment rates as a clear sign of the disparity in...