Yeah, it's a rubbish argument. Cheaper Nokia phones still wouldn't sell due to lack of demand. They were already cheap in comparison. And by the time they came

Yeah, it's a rubbish argument. Cheaper Nokia phones still wouldn't sell due to lack of demand. They were already cheap in comparison. And by the time they came up with N9 the app ecosystems for iOS and Android were already well established. What I also dislike about articles like this is conflating tax increases and government spending cuts under one umbrella of 'austerity'. If for example Finland increased taxes more while Iceland cut more spending, is the recovery due to devaluation of the krona (btw Iceland imports more than exports) or better domestic demand as people had more money to spend? They also claim Iceland did 12x the 'austerity' Finland did, so maybe it helped after all? That's what should be investigated. That is not to say euro is not to be blamed, but not for the reasons in this article.