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Who actually benefits from the euro

December 27th, 2011 · No Comments

From a cost-benefit perspective, the euro should go..

The advantages from facilitating trade (and hence competition and scale and scope economies) are relatively modest. Against that, there are big cost in losing adjustment mechanisms against country specific shocks and the whole system encourages perverse capital flows that exacerbate these.

From shareholdersunite at Seeking Alpha

Who Actually Benefits From The Euro? – Seeking Alpha

Tags: Sovereign debt crisis