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Confidence in the UK Is Different from the One in the Eurozone

  • Robert SkidelskyEmail author
  • Nicolò Fraccaroli
Chapter

Abstract

Why does the Spanish government pay significantly more to borrow than the UK government—despite having a smaller deficit and lower overall debt? This column argues that the reason lies in the Eurozone’s fragility. Its members lose their ability to issue debt in a currency over which they have full control. The column discusses ways to deal with this weakness.

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Copyright information

© The Author(s) 2017

Authors and Affiliations

  1. 1.University of WarwickCoventryUK
  2. 2.London School of Economics and Political ScienceLondonUK

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