Angela Merkel Explains Why Germany is Not Poorer Than Spain Or Greece

You will recall that back last week the European Central Bank released a report that said that German households were the poorest ones in the Eurozone. Despite having higher wages and living in a richer country, they were poorer than households in Cyprus, Greece and Spain. This was a result of such gargling nonsense that of course a politician decided to use it as the basis of a plan. This was that any future bailouts should be paid for by those richer Mediterranean households rather than Germans.

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