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Imports would also had to be cut, and the competitivness of export companies increased, as we have discussed in other places.

But the government of an EU member state is not allowed to do anything in these areas. All it is allowed to do is deregulate.

Economics is politics by other means

by Migeru (migeru at eurotrib dot com) on Sun Jun 19th, 2011 at 10:23:52 AM EST
[ Parent ]
It sure is allowed to do things! Improving infrastructure, fighting corruption, cutting red tape, changing taxes and so on and so on. The only thing which is disallowed is subsidies.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Sun Jun 19th, 2011 at 10:32:01 AM EST
[ Parent ]

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