42 sats \ 3 replies \ @Satosora 19 Jun \ parent \ on: Eurozone facing acute debt crisis econ
I realize each place has its own difficulties, but the cant forever be chained to the north.
the problem with the eurozone and the euro is that the much more competitive north has established a kind of neo-mercantilism here. with an artificially low valued currency and a labor market for cheap labor, the south has been played against the wall, especially in the industrial sector.
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