3 ms·
Possibly biggest difference: government deficit spending and negative trade balance. Should contribute to GDP through spending that would otherwise not happen.
by johbjo 6y ago
Possibly biggest difference: government deficit spending and negative trade balance. Should contribute to GDP through spending that would otherwise not happen.
This is not afforded to anyone without reserve currency status.
EU governments are prevented from running deficits due to some treaty in order to keep the euro stable, and historically the currencies would depreciate quickly.