tag:blogger.com,1999:blog-5713178645208582139.post660645353300017628..comments2024-03-22T02:37:15.030-05:00Comments on Macro Musings Blog: What if the PIGS Had Never Adopted the Euro?David Beckworthhttp://www.blogger.com/profile/04577612979801459194noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-5713178645208582139.post-20266189011619915962010-12-07T12:31:58.740-06:002010-12-07T12:31:58.740-06:00Don't forget Iceland, the poster child for fin...Don't forget Iceland, the poster child for financial disaster and not a member of the eurozone.<br /><br />Clearly the lesson is that lack of financial regulation was the fundamental problem, not the eurozone per se, ill-thought out as the latter was.ecbnoreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-86780264750282688102010-12-07T12:02:26.108-06:002010-12-07T12:02:26.108-06:00Hey Rebecca,
Good point. Does this mean UK's ...Hey Rebecca,<br /><br />Good point. Does this mean UK's QE program was a success? If so, it is another example of how QE can make a difference. Something the critics need to consider.David Beckworthhttps://www.blogger.com/profile/04577612979801459194noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-10866426217115805722010-12-07T11:23:45.116-06:002010-12-07T11:23:45.116-06:00Hi David!
Fantastic post. The UK is a good exampl...Hi David!<br /><br />Fantastic post. The UK is a good example, too. Since the beginning of 2007, the pound has depreciated roughly 30% against the euro,which makes sense, given the leverage build in the UK and the nationalization of key banks. Now, UK export income is improving and so is industrial confidence and growth prospects….even with austerity coming next year (different post, of course). Anonymousnoreply@blogger.com