3 ms·
Government debt denominated in foreign currency looks pretty much identical to corporate or individual debt.
by smabie 6y ago
Government debt denominated in foreign currency looks pretty much identical to corporate or individual debt.
- neilwilson 6y agoIndeed. That's part of the "otherwise" - the reason why a Eurozone country struggles. They denominate in a currency issued by a foreign entity they don't control.