Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
I think you guys are assuming he's referring to the EU in places where he may not be.  Certainly the ECB is relevant to the EU, but I read it as Krugman speaking about the national governments' fiscal policies.

Be nice to America. Or we'll bring democracy to your country.
by Drew J Jones (pedobear@pennstatefootball.com) on Fri Mar 20th, 2009 at 09:19:36 AM EST
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