See the glory of parameters. |
What is enough? clearly, the Commission won’t change course until catastrophe strikes, wrote Paul Krungman.
Mario Draghi’s actions, by stabilizing markets and bringing down spreads, bought Europe quite a lot of time; Europe is determined to waste all of it.
Now Paul Krungman would like to do a point by point analysis of the data Barroso presents to claim that adjustment is proceeding at an acceptable pace.
We know, for example, that what looks like a surge in Irish competitiveness is in large part a compositional effect, in which the relative robustness of highly capital-intensive as pharma industries creates the illusion of a productivity boom.
Post Scriptum
At here Olli Rehn´s the answer to the questions by Krungman
are the just mud. The mud from their empty heads.
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