It’s Magic – Turning 80 Billion Euro Into 1 Trillion
The EU commission, which is warning that euro-zone governments shouldn’t get complacent, also favours a much bigger firewall. It argues one is needed to signal to the market in advance that other euro-zone governments stand ready to backstop our bigger member states under pressure, and calm contagion. By implication, if the firewall isn’t big enough, the market will doubt the […]
It’s Magic – Turning 80 Billion Euro Into 1 Trillion Read More »