Archive for July 19th, 2012

no crisis

Pascal Salin, professor emeritus of economics at the Université Paris-Dauphine, argues for the Wall Street Journal that there is no such thing as a Euro crisis:

There Is No ‘Euro Crisis’

The “euro crisis” is a pure political construction without any economic content. It could even be said that the crisis is a splendid opportunity for many politicians to impose some of their longstanding goals on everyone else.

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