NewsWhore
01-03-2012, 10:40 PM
http://nt0.ggpht.com/news/tbn/SH2sv13YKqSTPM/6.jpg
Bloomberg (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEZ2hVaZTgbkLe3PfYczM22ewq3Cg&url=http://www.bloomberg.com/news/2012-01-04/greece-s-least-bad-recovery-option-looks-to-be-internal-devaluation-view.html)
<img alt="" height="1" width="1" />
Greece's Least Bad Recovery Option Looks to Be Internal Devaluation: View (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEZ2hVaZTgbkLe3PfYczM22ewq3Cg&url=http://www.bloomberg.com/news/2012-01-04/greece-s-least-bad-recovery-option-looks-to-be-internal-devaluation-view.html)
Bloomberg
A combination of increased value-added tax and lower payroll tax (Greece could easily do both) mimics a currency devaluation by raising the price of imports relative to the price of exports, lowering real wage costs by stealth. ...
and more » (http://news.google.com/news/more?ned=us&ncl=daoUW-jtsULsXKM)
More... (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEZ2hVaZTgbkLe3PfYczM22ewq3Cg&url=http://www.bloomberg.com/news/2012-01-04/greece-s-least-bad-recovery-option-looks-to-be-internal-devaluation-view.html)
Bloomberg (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEZ2hVaZTgbkLe3PfYczM22ewq3Cg&url=http://www.bloomberg.com/news/2012-01-04/greece-s-least-bad-recovery-option-looks-to-be-internal-devaluation-view.html)
<img alt="" height="1" width="1" />
Greece's Least Bad Recovery Option Looks to Be Internal Devaluation: View (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEZ2hVaZTgbkLe3PfYczM22ewq3Cg&url=http://www.bloomberg.com/news/2012-01-04/greece-s-least-bad-recovery-option-looks-to-be-internal-devaluation-view.html)
Bloomberg
A combination of increased value-added tax and lower payroll tax (Greece could easily do both) mimics a currency devaluation by raising the price of imports relative to the price of exports, lowering real wage costs by stealth. ...
and more » (http://news.google.com/news/more?ned=us&ncl=daoUW-jtsULsXKM)
More... (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEZ2hVaZTgbkLe3PfYczM22ewq3Cg&url=http://www.bloomberg.com/news/2012-01-04/greece-s-least-bad-recovery-option-looks-to-be-internal-devaluation-view.html)