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garmaine
on July 24, 2018
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The Great EU Debt Write Off (2012)
Nope; if a country leaves the euro it suddenly matters which banks’s name is on your debt notes.
tonyedgecombe
on July 24, 2018
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That's true although we haven't seen any country leave yet.
icebraining
on July 24, 2018
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Does it? Aren't they Euro-denominated anyway?
garmaine
on July 24, 2018
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No a Greek-issued euro debt instrument would become a new currency decoupled from the euro with a floating exchange rate if Greece left the euro, for example. That’s what all the hooplah a few years back was about.
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