John Redwood: Greece cannot borrow its way of this debt crisis
The reason a currency union needs a political union is simple. The centre has to have some way of stopping parts of the union from borrowing too much in the common currency at the common interest rate. If some borrow … Continue reading John Redwood: Greece cannot borrow its way of this debt crisis
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John Redwood: Greece cannot borrow its way of this debt crisis
The reason a currency union needs a political union is simple. The centre has to have some way of stopping parts of the union from borrowing too much in the common currency at the common interest rate. If some borrow … Continue reading John Redwood: Greece cannot borrow its way of this debt crisis