Monetary union has left half of Europe trapped in depression

Discussion in 'Wall St. News' started by Doji7, Jan 19, 2009.

  1. just21

    just21

    1939, 1914?
     
    #21     Feb 16, 2009
  2. Poor countries were supposed to have a lowering exchange rate, which makes exports lower, thus stabilizing.

    The problem is with fixed rates (euro on poor countries)
     
    #22     Feb 16, 2009
  3. baron193

    baron193

    You have got to be joking, a naive answer to a very complicated question.
     
    #23     Feb 23, 2009