Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Bank resolution Is the solution for failed banks. Lack of inflation has been THE problem as it has made debt burdens and imbalances even more unsustainable.  A 2% devaluation s a mere blip.  Yes if it becomes 5 or 10% on a sustained basis it will have an impact - Mostly by reviving the Euro economy  and helping the ECB to reach its inflation target quicker.  Increases in interest rates are still a long way off, and won't be a broblem so long as they remain the rate of inflation.  All in all, a struggling Portuguese economy should welcome a Euro devaluation- even if it drives oil prices higher -itself not a bad thing in the long run.

Index of Frank's Diaries
by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Mon Jun 29th, 2015 at 03:40:44 AM EST
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