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Examples
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Germany's central bank has raised interest rates sharply to rein in a postunification boom; that has forced interest rates up all across Western Europe, putting the damper on growth in France and Italy.
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For starters, Germany's Ifo business confidence index has fallen faster in the last six months than when Germany's postunification boom turned into a bust 15 years ago.
Cut Now -- and Deep Holger Schmieding 2008
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