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Part 3: Disappearance of Currency Risk & the Animal Spirits One Unified Rock Solid Currency Across Heterogeneous Economies In addition to the factors explained in Part 1 and 2 of this note, one should note the role that the disappearance … Continue reading
Part 2: The Mercedes and the Feta Cheese As we have seen in part 1, debt in the periphery of the Eurozone has climbed to allegedly unsustainable levels as a consequence of the crisis more than as a cause of it. So … Continue reading
Setting the Frame The Global Financial Crisis that started in 2008 and shook the world is now considered one of the longest since the Great Depression of the 1930’s. While the US are experiencing a mild growth which is making … Continue reading