Sep 302011
 
Simulation: Could mutual debt cancellation to achieve debt reduction work in Europe?

Below is the encour­ag­ing result of a sim­u­la­tion for mutual debt can­cel­la­tion in Europe. How­ever, I admit it, I don't think mutual debt can­cel­la­tion to achieve debt reduc­tion could avoid a gigan­tic eco­nomic col­lapse in Europe or any­where longterm. I […]