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Zombie light but eurozone too tight

Nov 21 2012  Japan's economic bubble burst in the early 1990s. Its 'lost decade' is a historic warning for countries struggling to recover from financial crises. Paul Donovan, global economist at UBS, says there are few signs of Japan's zombie company problem in the eurozone, but warns that Germany's tight discipline is the wrong approach to the continent's travails, and says Europe risks heading down Japan's route.  (5m 10sec)
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Produced by Darryl Thomson. Filmed by Rod Fitzgerald and James MacDonald.
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