"It seems to me that the German people can - pointedly - tolerate 5 percent price increase better than 5 percent unemployment."
— Helmut Schmidt

January 1, 1970

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Economists from GermanyHeads of governmentSocial democratsPoliticians from GermanyChancellors of Germany
Original Language: English

Sources

Interview with Helmut Schmidt on the 27. July 1972 in Bonn, partly printed in the Süddeutsche Zeitung of 28. July 1972 (nr. 171), p. 8