Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
The value of the punt was probably too low for much of this period, but there seemed to be little the CB c/would do about it.
One should not defent one's currency upwards. That way lies a currency crisis.
I don't think the majority want to ditch the Euro at this stage, but we need an interest rate regime more suited to the entire zone and much better bank regulation and resolution mechanisms which, in an integrated financial market, can only be done properly at a Eurozone level.
We need a fiscal union, otherwise the Eurozone will be a machine to generate unemployment.

In the Neurozone, there can be only one.
by Migeru (migeru at eurotrib dot com) on Tue Sep 24th, 2013 at 09:33:19 AM EST
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