Germany cannot pay totality of EU/Eurozone debts, contrary to assumptions of global debt markets
Germany cannot afford all the EU/Eurozone debts
Published on 15th April 2023
Global debt markets appear comfortable to absorb all of the bonds issued by the European Union for its €750 billion Coronavirus Recovery Fund on the basis that ‘it all tracks back onto Germany’. This is true: the guarantee structure behind the EU’s debts makes each […]