ng slower than Britain. While German living standards remain high, they were already stagnating before unification. The recession of 1992-93 and the slow growth since then constitute the worst economic performance the Federal Republic of Germany has ever experienced. Little wonder then that in recent years insolvencies reached a record level as well.
One of the keys to Germany's pre-unification economic success was the Bundesbank's ability to make the D-mark Europe's most stable currency and the second mos
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