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The euro is governed by institutionalized right-wing policies.

Precisely. The Euro makes neoliberal la-la-land the law of the land. Which means not only that sensible economic policies are subversive, but that the system is on a collision course with economic reality (Fisher's debt deflation).

There are three stories about the euro crisis: the Republican story, the German story, and the truth. -- Paul Krugman

by Migeru (migeru at eurotrib dot com) on Sat Mar 17th, 2012 at 01:27:38 PM EST
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