On Tue, 9 Nov 2010 at 14:20:40 Doug Henwood wrote:
>
> On Nov 9, 2010, at 1:54 PM, Eric Beck wrote:
>
> > On Tue, Nov 9, 2010 at 1:22 AM, SA <s11131978 at gmail.com> wrote:
> >
> >> It seems to me that Ireland, like most of the peripheral countries, has no
> >> real way out except to exit the euro. (I read yesterday's article by
> >> whassisname, Morgan Kelley, your Dr. Doom?) If Ireland had the possibility
> >> of running its own monetary policy and devaluing, there would be more space
> >> for even center-left parties to challenge austerity.
> >
> > Hurrah for nationalist solutions and autarky!
>
> So what ideas do you have on the eurocrisis?
>
One way out could be the opposite: the transformation of the European Monetary Union (EMU) into a political union. Then costs could possibly be officially shared over a larger population base and economy.
M.