Wednesday, June 9, 2010

The Euro will survive and thrive, somewhat

Do not count me as a Euro skeptic.  As others have pointed out, austerity  measures, if they pass through the Euro system, will result in something approaching sustainability. Common currencies do not need much except sustainability and some common trade.  Labor immobility across Europe may be a problem, but as long as the currency can calculate the problem, the currency can continue.

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