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John Creighto
Sep30-11, 01:22 PM
P: 813
Quote Quote by mheslep View Post
The problem in Europe then must be a lack of regulation, and not riotous deficit spending by the PIGS. Maybe the Wall Street protesters should camp out in Athens.
The problem with Europe has nothing to do with regulation or the “PIGS”. It is that the economies are too different to exist under a single currency without transfer payments between nations and a flexible system to adjust the money supply when currency is scarce.