Can the euro be saved through internal devaluation alone – and at what political cost?

| September 28, 2012 | 0 Comments

The Spanish government yesterday presented the toughest budget and set of reforms in the post-Franco era, amid continued discontent across the country.  The crux for Spain and other weaker euro countries is familiar: since they don’t have the option of currency devaluation to get their economies back on track, all adjustment must instead be achieved […]

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