Comment by saguntum
What is a mess about the Eurozone and reckless about the ECB?
What is a mess about the Eurozone and reckless about the ECB?
save people a click:
> The incentive structure at the ECB has become distorted and favors high-debt countries [that underperform or are risky]
https://robinjbrooks.substack.com/p/the-principal-agent-prob...