It is probably the case that several of the poorer performing European countries need exchange rate flexibility which is a direct challenge to Bruxelles and Berlin Sooner or later this is likely to occur but I congratulate the new Populist government for taking the lead
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Italy (and it is not alone) have suffered since it’s the arrival of the euro from falling real incomes. We need fiscal stimulus; with growth stalling it is economic illiteracy to suggest that tighter fiscal policy will help.
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