Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
... instituted capital controls?

The appropriate boundary for capital controls is not somewhere inside the domestic zone for a currency. When y'all decided to go for a common currency, you kind of limited your freedom of action in terms of independent monetary policy actions of all sorts below the Eurozone level.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Tue Jan 13th, 2009 at 05:43:49 PM EST
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