Discussion about this post

User's avatar
gideon magnus's avatar

Welcome back!

What do you think about an idea along these lines: each euro member state should issue two classes of debt: junior and senior. The senior debt is intended as fiscal backing to the currency, and cannot exceed X% of GDP. If a country wishes to issue more debt, it can do so, but this is junior debt that will always default first in case there is a fiscal crisis.

Expand full comment
David Seltzer's avatar

Brilliant pic of the glider!!!!

Expand full comment
10 more comments...

No posts