Well by R Mutt (2.00 / 0) #10 Tue Mar 25, 2008 at 10:20:56 AM EST
Texas is economically tied very closely to the US, and Lower Saxony is tied very closely to Germany. There's high labour mobility in each case, since language barriers are less of a problem.

But from the article, Ireland is experiencing a house price collapse that's not happening across most of Euroland, and a higher rate of inflation than it. But it cannot adjust its interest rates to fit its own circumstances.

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