Blaming the Euro for the Imbalances in Government Accounts is Misleading
April 30, 2010 at 10:08 AM EDT
According to Paul Krugman, the Euro is one of the main factors behind the crisis in Greece and other European countries. The fact that Greece (and Portugal, and Spain and Ireland) cannot devalue their currencies is having a negative impact on their growth which lowers tax revenues, increases government deficits and raises the possibility of [...]