Stefan de Vylder.

Han är, faktiskt, skrämmande nog, den förste i världen som kommit på ett avgörande, inbyggt och ofrånkomligt fel med valutaunioner typ EMU.

Han hade nämligen kommit på följande enkla (i efterhand) sak:

"Det faktum att den nominella räntan är gemensam i en valutaunion innebär automatiskt att realräntan blir lägst i de länder som har den högsta inflationen, det vill säga de som skulle behöva en hög ränta, och högst i de länder som skulle behöva stimulera ekonomin."

Svenskt Näringsliv skrev dessa anmärkningsvärda ord:



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