Friday, March 23, 2012

Yet Another Sovereign Debt Crisis

by Alex J. Pollock
American Enterprise Institute
March 20, 2012
Policy Study
History shows us that sovereign governments often default on their loans, particularly in times of war or economic upheaval. Europe finds itself in this situation now and would do well to examine past sovereign debt crises—particularly, the European sovereign debt crisis of the 1920s—for lessons.

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