Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
so, do your own numbers.

You know Greek productivity figures better than me. 15% down means how many more to go, until competitiveness is reached?

Krugman already pointed that out, I think, more than a year ago. Greece, being unable to devaluate its currency, would need internal devaluation, which is much harder to achieve politically.

by cris0 on Fri Feb 17th, 2012 at 10:06:33 PM EST
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