19.3.12

voxeu: force ordinary Greeks to save some of their earnings by purchasing government bonds

Even with the latest bailout and debt restructuring, Greek debt is still projected to be 120% of GDP by 2020. With no access to foreign markets, Greece will have to fund any future deficits by calling on more funds from foreign governments or international institutions. This column suggests a novel solution: force ordinary Greeks to save some of their earnings by purchasing government bonds.


http://www.voxeu.org/index.php?q=node/7727

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