Tuesday, July 31, 2012

Cut wages or curb over-legislation?


With a fortress EU or Eurozone many wages will be pushed to converge to the EU/Eurozone lowest. Without a fortress EU or Eurozone, to the global lowest.

A way the PIIGS can gain some competitiveness is via radical curbing of over-legislation ("polynomia"), which can improve productivity.




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Hi there,

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Thanks.
BRs
Nick

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