> the likes of France or Netherlands having the same interest rate as Greece or Spain is a foolish idea Which is why countries in the Eurozone issue their own

> the likes of France or Netherlands having the same interest rate as Greece or Spain is a foolish idea Which is why countries in the Eurozone issue their own government bonds, each at a different interest rate. https://www.ecb.europa.eu/stats/financial_markets_and_interest_rates/long_term_interest_rates/html/index.en.html https://www.ecb.europa.eu/stats/financial_markets_and_intere... The currency a country uses and the interest it pays are two different things. You could also imagine a group of countries with separate currencies agreeing to take on debt at the same interest rate, with differences in perceived risk resulting in corresponding exchange rate drift.