Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Yes, the periphery had high wage growth, but from a very low level - so you end up with this: Ireland bang in the middle of the Eurozone (per hour), Portugal and Greece and Spain way down the bottom. There's a significant element of catch-up.

by Colman (colman at eurotrib.com) on Thu May 6th, 2010 at 11:03:41 AM EST
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