If anything, the way debt mutualization was snuck into the financing of the scheme will probably turn out to have been a mortal blow to a proper fiscal union.
- Yanis Varoufakis
- Project Syndicate
If anything, the way debt mutualization was snuck into the financing of the scheme will probably turn out to have been a mortal blow to a proper fiscal union.
ATHENS – During the worst clashes between the Greek and German governments amid the euro crisis, a German official attempted to dissuade me from insisting on debt relief for Greece with the…
On this last point, he was right.
A recent study has…