U.S. Debt Is a Challenge, European Debt Is a Crisis—The Next Sovereign Debt Storm May Be in Europe - Moomoo
U.S. Debt Is a Challenge, European Debt Is a Crisis—The Next Sovereign Debt Storm May Be in Europe - Moomoo
Source: Moomoo
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DW NOTE
Europe's sovereign debt pile is €11 trillion and rising, but the interesting question is not whether it will blow up — it will — but when markets stop pretending the ECB can print its way out. The Fed has the exorbitant privilege of a reserve currency and can roll debt at 3.65% while running $1.4 trillion deficits. Europe has a monetary union with no fiscal backstop and member states that cannot devalue. That's not a policy framework, that's a time bomb with a committee deciding when to look at the timer.