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(Economy Q) Greece Crisis and Sovereign Default Print
(Economy Q) Greece Crisis and Sovereign Default Print
crisis.
7/2/13
Since #1 was not easily workable so EU had to do #2. But unlike the Bollywood movies, EU cannot simply print suitcase full of Euros and give it to Greece to solve its debt problems. (recall my earlier example: PM asking RBI to print more money to buy fight-jets, will lead to heavy-inflation when broker buys stuff from that extra-printed money.) So when EU gives financial relief to Greece, it actually goes from other teammembers wallets. (Germany, France.) So theyre not happy, especially Germany.
mrunal.org/2011/03/economy-q-greece-crisis-and-sovereign.html/print/
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