TheMoneyIllusion » Krugman says the pain in Spain was mainly due …

Spain , however, being part of the euro zone, does not. Its wages are too high compared with those of other eurozone members, now that the housing boom and massive capital inflows are over. If Spain still had a peseta, I’d say devalue it …

Spain, however, being part of the euro zone, does not. Its wages are too high compared with those of other eurozone members, now that the housing boom and massive capital inflows are over. If Spain still had a peseta, I’d say devalue it …

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TheMoneyIllusion » Krugman says the pain in Spain was mainly due …