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Saturday, August 27, 2011

Schaeuble says world economy may see 7 lean years | Reuters

Schaeuble says world economy may see 7 lean years | Reuters: . GALLEN, Switzerland, Aug 27 (Reuters) - German Finance Minister Wolfgang Schaeuble said the global economy may see "seven lean years" as a result of needed fiscal consolidation programmes, even as top U.S. economists questioned the effectiveness of austerity measures.

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