Many attribute to the Euro the main role behind the

Make extra time for your children, especially as they go through the transition to a new year with new teachers and new friends. Listen to their questions and concerns. Stress your love and support to help ease their worries. Many attribute to the Euro the main role behind the periphery deficits since these countries lost competitiveness relative to Germany, lacking their own currency to correct the imbalance. This seems unlikely, as the Netherlands also lost competitiveness to Germany and had a trade surplus whilst Iceland (which did not join the Euro) was by far the country with largest current account deficit in this period (Poland also had large deficits in this period without being a member of the Euro and the same can be said of Slovakia, that only joined in 2009, or Estonia that joined only in 2011). Past research in economics has simply not found a strong and robust empirical relation between exchange rate misalignments and current account deficits (see for example Auboin and Ruta, Cheap Jerseys free shipping 2012; Huchet Bourdon and Korinek, 2011 or Chinn and Wei, 2012)..

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