Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
as long as you suppress the wages through currency devaluation

Well, in a currency union you have to find something else that works. Such as transfer payments.

tens of millions of people stand to see their lives ruined because the bureaucrats at the ECB don't understand introductory economics -- Dean Baker

by Carrie (migeru at eurotrib dot com) on Mon Feb 20th, 2012 at 03:26:32 PM EST
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