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Trouble in Euroland

With the eurozone plunged into crisis, Pattrick Smellie looks at whether it could cause New Zealand even more financial pain.

By Pattrick Smellie In Commentary

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3rd December, 2011
Watching from New Zealand while the European Union apparently implodes invites a certain smugness. That part of the world abandoned us in the 1960s, raising ever higher barriers to the agricultural goods that used to make us Britain’s farm and consigning a generation of this country’s smartest diplomats to the role of “beggars for butter access” in the capitals of Europe. That part of the world we had to replace by finding new markets in parts of the world that, suddenly, want what we make, are closer than the old countries and are booming. Meanwhile, three of the world’s four ...

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