Friday, July 24, 2009

Should a Eurozone Bond be created?

The admirable Dr. Otmar Issing has just published a persuasive piece arguing against the creation of such a bond, though his argument is undercut by the fact that, basically, Northern/ Western Europe has committed to social and political rescue of at least the western part of the old Soviet empire - with huge costs that have anyway been paid, and are being paid, by Western Europe (principally Germany).

Issing's article is here

What do you think? Sphere: Related Content

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