The European Union, in violation of its non-bailout clause, guarantees debt for its defaulting members. This just postpones the problem of the huge debt which will come due at a later time. It also does not solve the structural problem, that countries with very different attitudes and politics are ties to one currency. Did you … Continue reading Let Portugal default on debt! Will USA default too?Wait, there is more! This article continues! Continue reading »
Let Portugal default on debt! Will USA default too?
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