Debt cancellation by the ECB:does it make a difference?

De Grauwe, PaulORCID logo (2021) Debt cancellation by the ECB:does it make a difference? [['eprint_typename_blog_post' not defined]]
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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.

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