Welcome to the new version of European Tribune. It's just a new layout, so everything should work as before - please report bugs here.
Display:
A state with its own currency doesn't even need to issue debt. Running a large unfunded deficit probably has some drawbacks, but I suspect they are similar in nature to the unconstrained money creation by the financial sector that prevailed before the crisis.

Von überall könnte das Volk, Urbrut alles Undemokratischen, Zelle des Terrors, über die gewählten Hüter von Wachstum und Wohlstand® kommen. - flatter
by generic on Tue Apr 13th, 2010 at 04:45:34 AM EST
[ Parent ]

Others have rated this comment as follows:

Display:

Top Diaries

Sisyphean syphilis

by marco - Mar 26
23 comments

Movies

by DoDo - Mar 7
22 comments

Two ruins

by DoDo - Mar 14
7 comments

Greek MP Lapavitsas on Grexit

by Upstate NY - Mar 15
294 comments

Recent Diaries

Sisyphean syphilis

by marco - Mar 26
23 comments

Greek MP Lapavitsas on Grexit

by Upstate NY - Mar 15
294 comments

Two ruins

by DoDo - Mar 14
7 comments

Hello

by alexc - Mar 12
6 comments

Movies

by DoDo - Mar 7
22 comments

The new Greek government program

by talos - Feb 23
171 comments

More Diaries...

Occasional Series