Friday, September 14, 2012

Default/restruturação da dívida - o caminho para salvar o euro?

Why early sovereign default could save the euro, por Harald HauUlrich Hege (Voxeu):

The recent announcement by the ECB that it will start to buy Spanish and Italian sovereign debt has been warmly welcomed throughout Europe. But this column argues that by doing so the ECB is digging the euro’s grave. It says the solution is default, either through inflation or debt restructuring – and that debt restructuring has many advantages if it is done early enough.
[Via Desvio Colossal]

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