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This is a really, really valuable post (and book). The topic of the euro's effects on Greece, and the influence of Germany, appears to be at a wide consensus a
by mhneu 8y ago
This is a really, really valuable post (and book).
The topic of the euro's effects on Greece, and the influence of Germany, appears to be at a wide consensus amongst academic economists.
Stiglitz, Krugman, and even people like Navarro agree.
https://krugman.blogs.nytimes.com/2017/02/01/germany-the-euro-and-currency-manipulation/ https://krugman.blogs.nytimes.com/2017/02/01/germany-the-eur...
https://www.forbes.com/sites/timworstall/2016/09/11/the-euro-is-a-disaster-stiglitz-krugman-milton-friedman-and-james-tobin-agree/#2e67a756063d https://www.forbes.com/sites/timworstall/2016/09/11/the-euro...
I remember back 20 years ago that macroeconomists were talking about how the lack of fiscal coordination was going to break the euro. And so it has come to pass, it seems.
Edit: or what PaulHoule says with more detail in another reply.