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That's why, to answer nanne's original question, "an Eurozone sovereign default" is more likely to "look like" internal Euro inflation and external Euro devaluation.

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Wed Mar 10th, 2010 at 06:34:26 AM EST
[ Parent ]
That would not be easy on the countries who have debt denominated in other currencies.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Mar 10th, 2010 at 06:51:08 AM EST
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