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| It exacerbated the problem and took away the main tool that would fix it: currency devaluation.
And it is not just Greece, but Ireland, Portugal and Spain.
It isn't of course, wholly the Eurozone at fault which has caused it, but the Eurozone and EU policies are making things worse. | |
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Yes, because having a small budget deficit is bad for the level of foreign debts. Who would have thought.