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When the stakes had been high, Washington had not hesitated to meddle in the politics of the euro area. For a crisis that registered only 6 out of 10, Washington was not about to jeopardize its relationship with Berlin. As one American official told Varoufakis: “For us you belong to the sphere of influence of Berlin, which we will not question.”42
Crashed: How a Decade of Financial Crises Changed the World
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