some interesting thoughts on the eurozone crisis which aren't in the notes - the german view on the divergence between interest rates (expecting bondholders to take losses) illustrates the failures of viewing finance as a social actor, as opposed to finance as a means of maintaining market discipline (ie disciplining device on states)
some interesting thoughts on the eurozone crisis which aren't in the notes - the german view on the divergence between interest rates (expecting bondholders to take losses) illustrates the failures of viewing finance as a social actor, as opposed to finance as a means of maintaining market discipline (ie disciplining device on states)
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