Tuesday, February 28, 2012

''European Crisis Realities ''PAUL KRUGMAN'

''This is not original, but for reference I find some charts useful. In what follows I show data for the euro area minus Malta and Cyprus — 15 countries. I use red bars for the GIPSIs — Greece, Ireland, Portugal, Spain, IrelandItaly — and blue bars for everyone else.
There are basically three stories about the euro crisis in wide circulation: the Republican story, the German story, and the truth..''

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