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发表于 2011-8-16 10:52 AM
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"A "joint and several" Eurozone bond would be a very positive development. There is actually a rumor going around that there will be some sort of maximum debt/GDP to access such a lending facility. So for example, the Eurozone will lend a given country money through a Euro-wide bond issue but only if your debt/GDP was below x%.
The good news is that would create a fire-brake betweent the heavility indebted countries and those which are in somewhat better shape. The problem is that those who are above x% would immediately need to write down their debts. So while it is a very good long-term solution and would allow the larger countries to move on from this crisis, it would be very painful in the short-term." |
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