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Eurobonds: Joint Borrowing, Diffused Responsibility
© Symbolic - Euro coins by European Union , 2023. Licensed under CC BY 4.0 Macron’s call for joint European Debt brought immediate pushback from Germany . The reasoning is familiar: fears that the German taxpayer will have to pay for the French pensioner. These sentiments are shared by fiscally conservative EU states such as Germany, the Netherlands, Austria and Denmark. In light of strained ties with the United States, Europe’s interdependence has come into focus, highli

Siddharth Kukreja
2 days ago4 min read
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