Love or hate him, Krugman’s an expert on trade imbalances and depression macro – which is what ails Europe. Here he claims that the EUR endgame is only months away.
I hope he is wrong.
Krugman is right, except in thinking that this is the bad outcome.
Where does he say it is a bad outcome?
Friedman and he were on a unity ticket about the future of the euro when it started.
This is simply bearing out their original criticism.
Greece should have never ever been allowed to be part of it.
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