Paul Krugman, sobre Bulgaria, Estonia, Latvia, y Lituania

http://krugman.blogs.nytimes.com/2011/06/05/no-bell-prize/

I see that the BELLs — Bulgaria, Estonia, Latvia, and Lithuania — are now being lauded as great success stories for having maintained their euro peg and avoided default. Here’s what their success looks like: Their determination to stay with the euro and service their debts is impressive. But they have all taken huge hits to their real economies. They have made a desert and called it internal devaluation.