Playing by Berlin’s Rules in an Aging Europe
by Jacob Funk Kirkegaard | July 21st, 2010 | 11:52 amThis week Ireland became the latest “eurozone peripheral economy” to see its sovereign credit rating downgraded by the credit rating agencies. This follows similar earlier downgrades of Portugal, Spain, and of course Greece. But this downgrading trend is actually good news for the European economy as a whole and truly [...]