Hulver's site || Comments || We're gonna have a good time

We're gonna have a good time | 10 comments (10 topical, 0 hidden) | Trackback

I don't understand the get out of EU logic. by Tonatiuh (4.00 / 1) #9 Tue Mar 25, 2008 at 10:04:06 AM EST

States in the US ( or in any other Federal Republic ) don't have control over interest rates neither.

This is not a unique problem, but you don't see Texas trying to leave the US (yet) or Lower Saxony seceding from Germany ...

: 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.

[ Parent ]

We're gonna have a good time | 10 comments (10 topical, 0 hidden) | Trackback