There will be sovereign defaults in the eurozone, with a default by Greece now inevitable. Ultimately the thing that underpins any country’s debts is its ability to raise enough tax to service and eventually repay them. Greece cannot hope to … Continue reading Hamish McRae: Sovereign defaults in the eurozone are inevitable
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Hamish McRae: Sovereign defaults in the eurozone are inevitable
There will be sovereign defaults in the eurozone, with a default by Greece now inevitable. Ultimately the thing that underpins any country’s debts is its ability to raise enough tax to service and eventually repay them. Greece cannot hope to … Continue reading Hamish McRae: Sovereign defaults in the eurozone are inevitable