Got me thinking,
- Why would Britain need to seek bailout when it is monetarily sovereign and can print pounds with impunity? Are the debts it owes denominated in Euro or USD (which it may not have enough of)?
- And as for France, are the debts denominated in Euro? Then is it a matter of it convincing the ECB to print more? Or can France use this get out of Eurozone and become monetary sovereign again?