Posts Tagged ‘PIIGS’


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The Euro in Retrospect


Wednesday December 28th, 2011   •   Posted by Emily Skarbek at 10:12am PST   •   3 Comments

In a NBER working paper, Martin Feldstein argues that the Euro “should now be recognized as an experiment that has led to the sovereign debt crisis in several countries, the fragile condition of major European banks, the high levels of unemployment, and the large trade deficits that now exist in most Eurozone countries.” The…
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