The Beer Theory of Sovereign Debt: North & Malta vs South Europe

The Beer Theory of Sovereign Debt: North & Malta vs South Europe   “That’s the difference between beer drinkers and wine drinkers,” says a friend. “The beer drinkers pay.” The Beer Theory of Credit Quality Bond investors believed the euro promised stability and security. It was backed not by the wine drinkers, but by the…

The Beer Theory of Sovereign Debt: North & Malta vs South Europe

The Beer Theory of Sovereign Debt: North & Malta vs South Europe   “That’s the difference between beer drinkers and wine drinkers,” says a friend. “The beer drinkers pay.” The Beer Theory of Credit Quality Bond investors believed the euro promised stability and security. It was backed not by the wine drinkers, but by the…