Comments on: Two-speed euro zone risks permanent divide http://blogs.reuters.com/breakingviews/2012/02/17/two-speed-euro-zone-risks-permanent-divide/ Mon, 26 Sep 2016 03:26:00 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Tierala http://blogs.reuters.com/breakingviews/2012/02/17/two-speed-euro-zone-risks-permanent-divide/comment-page-1/#comment-8888 Mon, 20 Feb 2012 19:52:21 +0000 http://blogs.reuters.com/breakingviews/?p=9482#comment-8888 It is highly misleading to speak of “core” and “periphery” when the competitiveness divide is actually one of south/north. Take Estonia or Finland, for example.

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By: Nemesis4all http://blogs.reuters.com/breakingviews/2012/02/17/two-speed-euro-zone-risks-permanent-divide/comment-page-1/#comment-8887 Mon, 20 Feb 2012 09:57:40 +0000 http://blogs.reuters.com/breakingviews/?p=9482#comment-8887 Perhaps we are witnessing the de facto separation of the trade surplus Euro1 bloc (Germany, France, Netherlands, Belgium, Austria and Ireland) from the trade deficit Euro2 bloc (all the rest including Greece). Like that Greece would not be so isolated and contagion would not precipitate a domino effect because the whole Euro2 bloc would stand together and support each other. Rather Euro2 would be floated independently of Euro1. It could be at a variable rate to the Euro1 or periodically fixed as is the Swiss franc. Both blocs should be open to easy entry and exit with democratically controlled conditions and procedures for both. Like that the whole european economy would be stable and in control rather than the present vulnerable (deliberately so?) mess.

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