Great idea to me.
I knew the 'big bond' would not fly with these folks.
Unfortunately, governments now, (or never), everywhere, need desperately to bite that hand that so-to-speak feeds them hard,
contrary to what this writer says today from Europe.
Governments need to bite back at too big to fail too big to fall financial institutions, and deglobalize their financial arrangements as much as possible going forward.
Globalization is a huge risk factor for anyone, going forward.
Recall that the US used to call developmental states free riders, when in fact they were more attackers than free riders in any real free rider sense.
Now Greece, and Italy, and Spain, they are real free riders on the EU,
as are our financial institutions that helped put them, and all of us, in this special spot.
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