Devaluation: Panacea for troubled Euro economies from architect of Irish State bank guarantee
May 10th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Devaluation is not a panacea for troubled Euro economies but because it is a neat conventional wisdom to argue that a plunge in a currency can provide instant competitiveness, it is common to ignore inconvenient facts and tailor others to suit the argument. Celebrity economics commentator, David McWilliams, a claimed architect of the disastrous Irish State bank guarantee in 2008, is back with new radical proposals based on dodgy 'facts'.