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Monetary Theory

Euro Exports Up as Austerity Drives Real Terms of Trade Down

Warren Mosler | Posted 10.20.2012 | Business
Warren Mosler

The ECB doing 'whatever it takes' which means conditional funding to sustain solvency while keeping fiscal 'overly tight' is extremely euro friendly, which fulfills the ECB's single mandate. And very unfriendly to 99% of the people who live there.