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The end of the Euro | 276 comments (276 topical, editorial, 0 hidden)
Re: B ythe way (none / 1)
the periphery countries which do not have competitive wages compared to either the core or RoW!

But that is because of competitive wage deflation in the core and the RoW, not because of wage inflation.

Though this begs the question, wage deflation/inflation relative to what?

Economics is politics by other means

by Migeru (migeru at eurotrib dot com) on Fri Aug 19th, 2011 at 12:05:37 PM EST
[ Parent ]
Re: B ythe way (none / 0)
Relative to productivity, of course.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Fri Aug 19th, 2011 at 12:16:40 PM EST
[ Parent ]

The end of the Euro | 276 comments (276 topical, 0 editorial, 0 hidden)
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