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68 sats \ 1 reply \ @halalmoney 28 Aug \ on: Eurozone Credit Expansion Stays Slow As Recession Fears Loom econ
Doesn’t monetizing the debt require some sort of major disaster? Otherwise, non-government holders of sovereign bonds may sell.
there is the dysfunctionality of the eurozone. it is driving the southern european states in particular into the debt trap ever faster. The ECB has been the only institution buying these government bonds for years and will soon be again. otherwise, other institutions will have to be forced to take them onto their balance sheets
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