The upside is they can devalue their currency to address trade balance and solve... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		afterburner on Feb 8, 2012 \| parent \| context \| favorite \| on: Romanian Prime Minister Admits He Has No Idea Why ... The upside is they can devalue their currency to address trade balance and solvency issues. Something Ireland, Greece, and Spain can't do. It beats the pants off trying to lower wages.

yread on Feb 10, 2012 [–]

Sure. Devaluation is a whole lot of pain and a political suicide, though

afterburner on Feb 10, 2012 | [–]

The value of currencies goes up and down according to much more than political whims. It's also good for exports, which the Czech Rep is strong in.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact