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"Europe" is not to blame for causing the Irish crisis, but they are to blame for having completely botched their policy reaction to the sovereign debt crises of 2010. And for writing neoliberal (well, not even neoliberal, actually Austrian) economics into the EU constituent treaties.

Keynesianism is intellectually hard, as evidenced by the inability of many trained economists to get it - Paul Krugman
by Migeru (migeru at eurotrib dot com) on Sat Feb 5th, 2011 at 10:07:23 AM EST
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