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View Diary: New: concern trolling the euro (241 comments)

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  •  yes and no (2+ / 0-)
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    corvo, bigchin

    Prices have gone up a lot more than incomes, indeed, and things do look bubbly.

    But on the other hand, you've had quite brutal social changes (smaller households) and massive immigration recently.

    While the Spanish current account deficit is heavy, it is partly compensated by tourism inflows, and it remains relatively small compared to the eurozone's overall balance. Is it sustainable within the eurozone? Everything suggests that it is, notwithstanding all the fantaisies generated in London.

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