RT @HmsGerlach: Again this is the legal route. My suspicion is that one needs to provide economic incentives for governments not to run lar…
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RT @HmsGerlach: Again this is the legal route. My suspicion is that one needs to provide economic incentives for governments not to run lar…
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Again this is the legal route. My suspicion is that one needs to provide economic incentives for governments not to run large deficits. Perhaps some form of euro bond could provide that, but, of course, any engineered product may collapse under stress.
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@HmsGerlach I agree that the effect might be too weak to lead to sustainable public finances, which is why we stress stronger enforcement & more transparency (eg through fiscal councils) to increase political costs of non-compliance. See eg https://t.c