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The Euro has been a gold standard hung around the necks of the poorer Eurozone countries. They haven't been able to devalue, engage in Keynesian stimulus, or d
by eli_gottlieb 10y ago
The Euro has been a gold standard hung around the necks of the poorer Eurozone countries. They haven't been able to devalue, engage in Keynesian stimulus, or do anything else a country normally ought to do when confronted with a demand-driven depression, let alone a financial crisis.