but it's too late now, isn't it?
The poor is the default answer right now, and it's certainly the one pushed by markets (for which people and society are a cost and nothing else).
Germany does not ask that the cost be borne by the poor, it only asks that it be borne. Wind power
It's called strategic sovereign default.
But that's not what Germany is calling for.
- Jake If you only spend 20 minutes of the rest of your life on economics, go spend them here.
I think the Spanish and French are more worried about what a sovereign default would mean for the cost of their own debt... Wind power
