The Euro or devaluation - how to have both

If the purpose of the Euro is to reduce transaction costs within a common market, this can be maintained while internally devaluing within the nation state. Rather than through crude supply side measures, this can be achieved by the introduction of a National Unit of Account. Here's how.

This week's editor

Heather McRobie


Niki Seth-Smith is a freelance journalist and co-editor of OurKingdom.

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