3 ms·
Lots of fluff in the article over a single question, how does losing the ability to devalue your currency compare over other things gained. The usefulness of d
by erkkie 11y ago
Lots of fluff in the article over a single question, how does losing the ability to devalue your currency compare over other things gained.
The usefulness of devaluation is highly related to export/import structure and the political ability to make cuts so it makes no sense to fault it all on the Euro (or to assume the loss of being able to devalue your currency makes being in the euro-zone a net loss).