Mon commentaire sur : http://www.irisheconomy.ie/index.php/2010/12/07/uberfordert-in-der-ecke/ Exchange rate flexibility is *not* a good thing, and has never been. Guess what, all European countries had it and exchanged it against the Euro with enthusiasm. Lets detail that : – devaluation *is* an hair cut on debt, and long term investors *hate* it. Who here keeps forgetting many […]