EFTA01188403Set 9
2013-02-265p3,066w
after last year's EU equity rally) to
dismiss the social and political costs Southern Europe is paying to keep the Euro. In my view, the old system was messier ... with its periodic bouts of inflation and devaluation, but worked better for Southern Europe given its structural
competitiveness gaps with the North, and its own internal fiscal transfer dynamics
https://www.justice.gov/epstein/files/DataSet%209/EFTA01188403.pdf