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What is conspicuously missing from Evans-Pritchard's piece is a discussion of parallel policies outside the EMU, above all in the UK. Which bodes ill to any hopes that blowing up the EU (or at least the Euro) will bury austerianism.

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Wed May 28th, 2014 at 11:22:39 AM EST
It wouldn't bury austerianism, but it would unlace the institutional straitjacket on Euro area countries.

Beyond that, of course, there's the global rule of the financial sector. I wonder how long Mark Carney can go on saying things like this without getting nobbled in some narrow alley of the City?

by afew (afew(a in a circle)eurotrib_dot_com) on Wed May 28th, 2014 at 11:56:14 AM EST
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