The Euro’s Day of Reckoning
Posted on May 10, 2007
Filed Under Public Policy |
TCS Daily – The Euro’s Day of Reckoning: Within the constraints of a currency union, the Mediterranean countries cannot resort to currency devaluation to restore competitiveness. Nor can they use interest rate policy to stimulate domestic demand. Instead, the rules of the currency union require them to endure deflation or to increase productivity as the only means of restoring their eroded competitiveness.
Interesting article on the consequences of increasing Euro valuation.
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Jim Rogers is long the euro
(The Mess That Greenspan Made, 3/8/10)
Why It’s “Mayday” For the Euro… And What You Should Do
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CZK the weakest in 9 months against EUR
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Dennis Gartman: The Euro Is ‘Doomed’
(Index Universe, 2/25/10)
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My name is Jeff Nolan and I write Venture Chronicles. These are my thoughts on technology, innovation, management, public policy and pretty much anything else that I find interesting.
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