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Germany’s low wages caused euro crisis, says report

UN report says low domestic demand created euro imbalance.

German Chancellor Angela Merkel (L) addresses the 100th annual conference of the International Labor Organization (ILO) in front of the General-Director Juan Somavia at the United Nations Offices on June 14, 2011 in Geneva.

Fabrice Coffrini

AFP/Getty Images

Merkel germany un ilo 24 01 2012