The Morning Joe team discusses Europe’s problems, noting that they are not simply limited to the austerity vs. growth debate. Germany is doing far better than peripheral economies because its unit labor costs are much lower, making it much more competitive. Our charts also show how much the peripheral economies’ interest costs and debt / deficit burdens have grown since joining the euro. Click here to view the discussion.
Morning Joe Charts: Europe’s Problems Not As Simple As Austerity Vs. Growth
May 22, 2012