Debt and Taxes in the Eurozone
The current crisis in the eurozone is known around the world as the “euro sovereign-debt crisis.” But the crisis is really about foreign debt, not sovereign debt, because countries with large net foreign liabilities cannot tax holders of government bonds in order to meet debt-service costs.
BRUSSELS – The current crisis in the eurozone is known around the world as the “euro sovereign-debt crisis.” But the crisis is really about foreign debt, not sovereign debt.
BRUSSELS – The current crisis in the eurozone is known around the world as the “euro sovereign-debt crisis.” But the crisis is really about foreign debt, not sovereign debt.