As policy makers know well — and Germany perhaps better than any — major debt overhangs are solved only by writing down the debt. And the longer the delay, the deeper the pain.
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| READ THE ORIGINAL POST AT rss.nytimes.com |
How the world sees Greece
How the world sees Greece
As policy makers know well — and Germany perhaps better than any — major debt overhangs are solved only by writing down the debt. And the longer the delay, the deeper the pain.
|
| READ THE ORIGINAL POST AT rss.nytimes.com |