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Fiscal Money Can Make or Break the Euro — Yanis Varoufakis

Summary:
The parallel payment system that Greece's government proposed in 2015 would have bolstered the eurozone. By contrast, the Italian government's planned "mini-Treasury bills" would lead to the single currency's demise. Sounds like the Italian plan is far superior.Project SyndicateFiscal Money Can Make or Break the Euro Yanis Varoufakis

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The parallel payment system that Greece's government proposed in 2015 would have bolstered the eurozone. By contrast, the Italian government's planned "mini-Treasury bills" would lead to the single currency's demise.
Sounds like the Italian plan is far superior.

Project Syndicate
Fiscal Money Can Make or Break the Euro

Yanis Varoufakis
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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