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Tough EU stance? It’s in Germany’s culture

Saturday, July 28th, 2012

BERLIN (AP) — Head to the checkout at an Ikea in Stockholm to pay for your new leather corner sofa and with the swipe of a Visa card it’s yours. Don’t try that in Berlin — that’ll be €1,699 ($2,080) up front please.

It’s that financial culture — a deep-seated aversion to debt and an emphasis on responsibility — that makes Chancellor Angela Merkel’s hardline approach to solving the European financial crisis so popular in Germany. Click to continue »