Soaring eurozone government debt reignites call for cancellation

Financial Times/Martin Arnold

graphic image of a genie named Moral Hazard“Eurozone governments’ borrowing has rocketed to fund their response to the coronavirus pandemic, reigniting longstanding calls for the European Central Bank to ease debt burdens by forgiving sovereign bonds it owns.”

USAGOLD note:  A ground-breaking guideline on how to let the moral hazard genie out of the bottle (among other potentially dangerous repercussions) ……

Repost from 12-10-2020

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