4 ms·
What you're missing is that the EUR is not the reserve currency of the world and by running a massive deficit the markets will penalise you. (much higher yields
by samsonradu 7y ago
What you're missing is that the EUR is not the reserve currency of the world and by running a massive deficit the markets will penalise you. (much higher yields, debt spiral, inflation etc.)
- the_why_of_y 7y agoThe ECB can put an end to that if it wants to, as it did in July 2012 when Draghi uttered the magic words "whatever it takes".