Came across these two pretty good editorials today re: my last post on the euro area. I think they both give a sense of the kind of NOT AT ALL pragmatic or constructive thinking which is likely closing the door on the euro currency union as it exists today (a door which is going to be closed one way or the other without some significant fiscal union, an unlikely turn of events at this point).
Also some interesting background on the “Estonian miracle” (it’s not all it’s cracked up to be economically at least).
Both from the Guardian:
Dean Baker “Cliches won’t fix the financial crisis”
Mark Weisbrot “A Baltic future for Greece”