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" "It seems to me that the German people can - pointedly - tolerate 5 percent price increase better than 5 percent unemployment.
Helmut Heinrich Waldemar Schmidt (23 December 1918 – 10 November 2015) was a German politician and member of the Social Democratic Party of Germany (SPD), who served as Chancellor of the Federal Republic of Germany (West Germany) from 1974 to 1982.
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Handeln für Deutschland: Wege aus der Krise, Rowohlt, 1993, p. 136, ,