No ruse to save the euro

Future euro seigniorage cannot be used as an excuse for increasing the exposure of Germany or the other eurozone creditor countries. If a resolution to eurozone sovereign debt problems is be found, it can only rest with some combination of debt write-offs and fiscal austerity.

Read the full blog post here

Source: http://www.iea.org.uk/blog/no-ruse-to-save-the-euro

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