Bailed-out countries: Ireland’s strange miracle and Portugal’s debt-depopulation spiral
The blog RWER recently published a very interesting article about Ireland. It tells the tale of an economic miracle, which no-one has been able to figure out yet. And it raises doubts that can well apply in Spain’s case. And Krugman has written an inspiring post about the possible perverse relationship between debt and the decline in Portugal’s population, which could call into question the theory of Optimal Monetary Areas.