Prague Spring, NYC Chapter Message Board › State of the Euro Zone

State of the Euro Zone

Dyutiman D.
user 2964657
Group Organizer
New York, NY
Post #: 63
In the early decades of the twentieth century Germany experienced two great shocks, the hyperinflation of the twenties eventually followed by the second world war. These two events shaped German policy in the post WWII era, the twin imperatives of anti-inflationary monetary policy and European integration. Today however the two policies are coming to a head with the collapse of the Greek economy. What kind of policy should Germany pursue, tolerate a large deficit or expel Greece from the Euro zone. Martin Wolf at the Financial Times discusses the above conundrum in his opinion column.

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