Currencies and Straight Jackets

Finally some good flows from the crisis—lower beer prices:

McGee reduced the price for a beer this month to 3.50 euros ($5.18) at his hostelries after the pound’s 12 percent drop against the euro in the past year led customers from the U.K. province of Northern Ireland to stay home.

“’We can’t devalue, but our neighbor can and has, and left us high and dry,’ he said, adding sterling is a ‘huge’ problem. ‘You’ve got to try and keep the Northerners coming.’