Otherwise (though he's right about the absence of fiscal and economic governance), Krugman seems not to realize workers are free to move, settle, and find jobs where they like in the EU.
Krugman:
social insurance payments would be coming from Brussels, just as Social Security and Medicare come from Washington
Out of the sky? Florida doesn't have to make any contributions? The US has miraculously become more welfare state than Europe now?
Right, because of, what was it that happened? A huge world bust caused by the American financial system -- or was it the Euro?
A Majority Of States Are Now Insolvent: Quantifying The Disastrous Unemployment Situation Zero Hedge
Did I mention I miss my TribExt? En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
