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Government budgets of sovereign nations that own their own currency are not the same that households and can borrow endlessly, in fact they don't need to borrow
by RobertoG 7y ago
Government budgets of sovereign nations that own their own currency are not the same that households and can borrow endlessly, in fact they don't need to borrow at all.
The countries in the Eurozone don't own the Euro: for all effects is a foreign currency. Their finances work like a household.