tag:blogger.com,1999:blog-8595404115121834255.post4542121104280829005..comments2024-03-28T03:24:05.678-04:00Comments on NAKED KEYNESIANISM: The Greeks Have Said No to Failed Policies, Not to Europe or the EuroMatias Vernengohttp://www.blogger.com/profile/09521604894748538215noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8595404115121834255.post-45911372863244995072015-07-23T08:41:40.307-04:002015-07-23T08:41:40.307-04:00Exactly. If you read the post you'll see I sug...Exactly. If you read the post you'll see I suggest exit is a problem because of the CA. And we have a paper on the euro crises with Esteban Pérez on the Real World Economic Review in which we show the CA problems of all the peripheral countries, solved with austerity btw.Matias Vernengohttps://www.blogger.com/profile/09521604894748538215noreply@blogger.comtag:blogger.com,1999:blog-8595404115121834255.post-31087682052769123222015-07-07T16:58:51.940-04:002015-07-07T16:58:51.940-04:00BTW over the 2000-2012 period the cumulative greek...BTW over the 2000-2012 period the cumulative greek trade account deficit was around €230 billions. A big fat greek import party!<br /><br />Probably a portion of that was financed with greek saving, but most of it was financed with borrowing from Greece's EU "partners", some of which were complicit in the greek plan.<br />Blissexnoreply@blogger.com