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Tag Archives: Jeffrey Sommers
Why Latvia’s Austerity Model Can’t Be Exported
by Michael Hudson and Jeffrey Sommers, New Economic Perspectives Austerity’s advocates depict Latvia as a plucky country that can show Europe the way out of its financial dilemma – by “internal devaluation”, or slashing wages. Yet few of the enthusiastic … Continue reading
Posted in Eurozone, macroeconomics
Tagged austerity, internal devaluation, Jeffrey Sommers, Latvia, Latvia austerity, michael hudson
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