Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
It would buy time, and lots of it, for wages to adjust so as to recreate competitivness in the periphery, and it would do it without creating massive debt-fueled bubbles.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Tue Aug 28th, 2012 at 03:10:41 PM EST
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