Nobel Economics Prizewinner Paul Krugman on “The Euro Trap”

On Monday May 3rd, the Irish Times carried an article by Nobel Economics Prizewinner Paul Krugman on “The Euro Trap”. Its main contention was that the euro-realists and euro-sceptics who had warned against the dangers of abolishing national currencies to form an EU currency union were being proved right by current events.
The austerity [...]