2015-01-27bloombergview.com

``Amid the populist rhetoric that propelled the far-left Syriza party to victory in Greece's parliamentary elections, there's one idea that Germany in particular should take to heart: revive growth in the euro area by giving the hardest-hit countries a break on their debts... There's plenty of historical precedent for relief on this scale. One case in particular ought to resonate with German officials... After World War 2, Germany's creditors... agreed to forgive about 50 percent of West Germany's debts, and made the rest contingent on economic performance..''



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