Friday, September 9, 2011

A Simple Truth Beginning to Be Recognized

By David Cottle on the Wall Street Journal’s blog “The Source”: “Leaving Euro Zone Isn’t Impossible”, here.

The author still exaggerates the difficulties of getting out, compared to those of staying in the zone. But most commentators now tend to get away from the Eichengreen’s fallacy that the participation in the eurozone is forever.

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