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It is still the wrong fight. The Euro isn't austerity - it is perfectly possible to exit the euro and go right on practicing austerity, now with added competitive currency devaluations.
What we need to do is to get our political class to renounce austerity - to no longer believe in their bones that it is the right thing to do.
If that fight is won, then either the euro is no longer a problem, or if it turns out to actually be in the way of taking action, will get dismantled. Focusing on the currency is simply misplaced energy.
by Thomas on Wed May 28th, 2014 at 05:33:54 PM EST
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