[Zirro]

"A very good example is Finland and Sweden. The former has problems because of Euro but the latter thrives because they control their currency."

There are several reasons for this - many of which are likely more important than the Euro - such as Finland having relied mainly on the declining paper industry and Nokia for exports while Swedish exports are more diverse.

[zurn]

That's the beauty of having your own floating currency though. Independent of what the problem is, your trade balance evens out automatically. If a country's forestry exports tank, imports will become more expensive and exports will become more competitive though currency depreciation. And people will eat more domestic cheese vs imported, stimulating domestic demand.

[samstave]

Aside from going to school for economics, what do I read to grok this concept much better?

[collyw]

Nokia are Finnish though.