Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
Well, that might have meant that, in the existing framework, the periphery should have been running large surpluses to prevent the external imbalances. Not the best policy, admittedly, but one that was possible.

But discipline is not just about budget policy (and in any case, budget policy is not just about the balance, but about how taxes are raised, and what they are spent on) - more stringent regulation of the banking sectors (something Spain did to a decent extent) and of asset sectors.

Wind power

by Jerome a Paris (etg@eurotrib.com) on Thu Jun 2nd, 2011 at 10:06:57 AM EST
[ Parent ]

Others have rated this comment as follows:

Display:

Top Diaries

Herd Immunity .. Filling the Gaps

by Oui - Jul 24
23 comments

LQD - Long Term Covid: The Brain

by ATinNM - Jul 13
29 comments

Say No to Racism

by Oui - Jul 12
26 comments

England surrenders to Covid

by IdiotSavant - Jul 9
27 comments

Occasional Series