Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
What you need is import substitution. The periphery's dependence on imported hydrocarbons is going to weigh on the economy like a stone. And manufacturing is not the biggest culprit here, but the dependence on road transport.

There are three stories about the euro crisis: the Republican story, the German story, and the truth. -- Paul Krugman
by Carrie (migeru at eurotrib dot com) on Tue Apr 10th, 2012 at 04:21:06 AM EST
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