A historical parallel – to 1931 when Germany was burdened with debt, unemployment and austerity while France and the United States were relatively strong creditors – gained attention in summer 2012 even as Germany received a debt-rating warning of its own.Lindner, Fabian, "Germany would do well to heed the Moody's warning shot", The Guardian, 24 July 2012. Retrieved 25 July 2012.Buergin, Rainer, "Germany, Juncker Push Back After Moody's Rating Outlook Cuts ", washpost.bloomberg, 24 July 2012. Retrieved 25 July 2012.
A historical parallel – to 1931 when Germany was burdened with debt, unemployment and austerity while France and the United States were relatively strong creditors – gained attention in summer 2012 even as Germany received a debt-rating warning of its own.Lindner, Fabian, "Germany would do well to heed the Moody's warning shot" The Guardian, 24 July 2012 Retrieved 25 July 2012.Buergin Rainer, "Germany, Juncker Push Back After Moody's Rating Outlook Cuts ", washpost.bloomberg, 24 July 2012. Retrieved 25 July 2012.