3 ms·
They would also have the power however to inflate their way out of any debt crisis. This is enormous leverage over any debt issuers. Lenders would be much less
by draggnar 15y ago
They would also have the power however to inflate their way out of any debt crisis. This is enormous leverage over any debt issuers. Lenders would be much less willing to lend to Greece, but at the same time their exports would be much more competitive.