Debt cancellation by the ECB does it make a difference?
De Grauwe, P.
(15 February 2021)
Debt cancellation by the ECB does it make a difference?
LSE European Politics and Policy (EUROPP) blog.
(15 February 2021)
Debt cancellation by the ECB does it make a difference?
LSE European Politics and Policy (EUROPP) blog.
Earlier this month, several major newspapers published a letter from more than a hundred economists calling for the ECB to cancel the government debt it holds. Paul De Grauwe argues that even if the ECB did cancel this debt, nothing of substance would change economically for national governments.