EZ crisis and historical trilemmas | vox - 0 views
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The big difference in the EZ is that nations cannot go off the euro as they went off the gold standard
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A major part of Lenin’s analysis, for instance, was devoted to the demonstration that Russia had become a quasi-colony as a result of the large scale capital imports, and that the foreign creditors in effect controlled Russia’s foreign policy.
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The linkages of these issues can be summarized as a series of impossible trinities or trilemmas.
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