EZ break-up stands to benefit the core

I’ve argued elsewhere on this blog that the weaker countries in the EZ stand to benefit from abandoning the euro. Rather than undergo an endless process of retrenchment inside the single currency, they could grow much faster following a nominal devaluation outside the euro area. This would not just benefit the peripheral countries, however. The core countries stand to gain from weaker countries abandoning the common currency as well. Read more of this post