Home › Forums › Financial Markets/Economics › Screw Greece › I think their example really
I think their example really underlines the whole problem with unions that are fundamentally trade and monetary in nature.
Essentially, it makes all national debt externally-denominated.
As a believer that monetary sovereignty is key, I find this hobble to be an anathema.
Any time you can borrow money as a country without being able to print it, I think you are pretty much effed in the aye.
