欧元区软预算约束与最优货币区缺陷
聚焦欧元区软预算约束导致的竞争意识消亡、欧元作为政治早产儿的经济缺陷，以及意大利大到救不起等最优货币区体检不及格问题。
odus@odusUS Bailout: Layered Mechanism of Bad Debt Clearance and Top-Level Guarantee
2008 Bailout vs. Market Clearing；Europe's "Radical Cure" vs. "Delay and Cover-Up"
odus@odusGerman undervaluation and Suzhou analogy: double edge of internal devaluation
Eurozone structural flaws vs US tech revolution；Suzhou vs Germany: sovereign differences in currency undervaluation；Calculation of euro exchange rate freeze