Thursday, December 22, 2011

Eurobonds and moral hazard within the EU

http://www.youtube.com/v/Fz2G5bvR7lA?version=3&f=user_uploads&app=youtube_gdata

Watch the full 12-minute video at http://www.goldmoney.com/bagus-interview. In this video Philipp Bagus, Assistant professor of Economics at Madrid's Universidad Rey Juan Carlos and author of The Tragedy of the Euro, talks about the problem of moral hazard within the eurozone. There is an incentive for governments to impose the cost of government spending on the holders of the currency. Since central

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