Without higher spending and inflation we won’t solve the Eurocrisis

Posted on

Martin Wolf is on form in the FT this morning, with his arguments on the Eurocrisis as pertinent as ever. as the email summary of his argment puts it:

A return to external and internal balance in crisis-hit coutnries cannot be achieved without higher spending and inflation in the core.


I agree. And note it is both higher spending and inflation.

This argument is critical, and right.