Tuesday 18 May 2010

Too many words

Against all odds, Paul Krugman wrote too many words: his argument in this post, which will certainly be quoted by many in Portugal, boils down to this: the euro is impossible. I hope that history will prove him wrong. How many in America bet, in 1948, that the ECSC and the EEC would work out? Are things different now? Yes and no - and the no bit is certainly more relevant.

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