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Devaluation means lower wages and lower profits

Funny you should say that.



tens of millions of people stand to see their lives ruined because the bureaucrats at the ECB don't understand introductory economics -- Dean Baker

by Migeru (migeru at eurotrib dot com) on Mon Feb 20th, 2012 at 03:09:38 PM EST
[ Parent ]
A nice illustration on what labor reform means. Where is the chart from?

The road of excess leads to the palace of wisdom - William Blake
by talos (mihalis at gmail dot com) on Wed Feb 22nd, 2012 at 12:45:29 PM EST
[ Parent ]
It accompanied an article in the Spanish pink-sheet newspaper Cinco Días.

tens of millions of people stand to see their lives ruined because the bureaucrats at the ECB don't understand introductory economics -- Dean Baker
by Migeru (migeru at eurotrib dot com) on Wed Feb 22nd, 2012 at 01:06:33 PM EST
[ Parent ]
Data from Spain's INE (National Institutute of Statistics).

tens of millions of people stand to see their lives ruined because the bureaucrats at the ECB don't understand introductory economics -- Dean Baker
by Migeru (migeru at eurotrib dot com) on Wed Feb 22nd, 2012 at 01:07:37 PM EST
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