{"id":780,"date":"2011-04-27T18:25:51","date_gmt":"2011-04-27T16:25:51","guid":{"rendered":"http:\/\/www.poleconomix.gr\/portal\/?p=780"},"modified":"2011-05-12T22:59:11","modified_gmt":"2011-05-12T20:59:11","slug":"ruby-slippers-or-an-endless-lent","status":"publish","type":"post","link":"https:\/\/www.poleconomix.gr\/portal\/ruby-slippers-or-an-endless-lent\/","title":{"rendered":"Ruby Slippers or an Endless Lent?"},"content":{"rendered":"<p><a href=\"http:\/\/online.wsj.com\/search\/term.html?KEYWORDS=ALEN+MATTICH&amp;bylinesearch=true\" target=\"_blank\">Mattich, Alen<\/a>.<\/p>\n<p>What the euro zone&#8217;s periphery needs is a spot of debt forgiveness.<\/p>\n<p>It&#8217;ll be like clicking a pair of ruby slippers. Lifting the crushing debt burden off Irish, Portuguese and Greek shoulders is what&#8217;s needed to take these economies back to a prelapsarian idyll.<\/p>\n<p>Or so says conventional wisdom.<\/p>\n<p>Unfortunately, debt relief is only part of the story, and not necessarily the biggest part, either.<\/p>\n<p>All of these countries also need a relative devaluation within the single currency. Their economies need to be more competitive compared with the core European power houses.<\/p>\n<p><strong>\u03a0\u03b7\u03b3\u03ae: <\/strong>The Wall Street Journal<\/p>\n<p><a href=\"http:\/\/online.wsj.com\/article\/SB10001424052748703956904576287071139216588.html?mod=WSJEurope_hpp_MIDDLETopStories\" target=\"_blank\">\u03c0\u03bb\u03ae\u03c1\u03b5\u03c2 \u03ba\u03b5\u03af\u03bc\u03b5\u03bd\u03bf<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mattich, Alen. What the euro zone&#8217;s periphery needs is a spot of debt forgiveness. It&#8217;ll be like clicking a pair of ruby slippers. Lifting the crushing debt burden off Irish, Portuguese and Greek shoulders is what&#8217;s needed to take these economies back to a prelapsarian idyll. Or so says conventional wisdom. Unfortunately, debt relief is [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[26],"class_list":["post-780","post","type-post","status-publish","format-standard","hentry","category-37","tag-26"],"_links":{"self":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/780","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/comments?post=780"}],"version-history":[{"count":2,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/780\/revisions"}],"predecessor-version":[{"id":1061,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/780\/revisions\/1061"}],"wp:attachment":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/media?parent=780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/categories?post=780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/tags?post=780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}