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Tuesday, April 23, 2013

Greece Internal Devaluation Update


Wall Street Journal (blog)

Greece Internal Devaluation Update
Wall Street Journal (blog)
So, how has the deflationary process been playing out in Greece? Not too well. There has been a sharp drop in Greece's nominal gross domestic product (that's the one that doesn't adjust for inflation), which the IMF now projects will have fallen more ...

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READ THE ORIGINAL POST AT blogs.wsj.com