The conventional narrative has it backward. It worries about the threats to stability emanating from the periphery of Europe. Policymakers, investors, and economists still refer to the “Greek, Irish, Portugal and Cyprus’ bailouts.”
The conventional narrative has it backward. It worries about the threats to stability emanating from the periphery of Europe. Policymakers, investors, and economists still refer to the “Greek, Irish, Portugal and Cyprus’ bailouts.”