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Confidence in the UK Is Different from the One in the Eurozone

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Abstract

Why does the Spanish government pay significantly more to borrow than the UK government—despite having a smaller deficit and lower overall debt? This column argues that the reason lies in the Eurozone’s fragility. Its members lose their ability to issue debt in a currency over which they have full control. The column discusses ways to deal with this weakness.

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Authors and Affiliations

  1. University of Warwick, Coventry, Warwickshire, UK

    Robert Skidelsky

  2. London School of Economics and Political Science, London, UK

    Nicolò Fraccaroli

Authors
  1. Robert Skidelsky
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  2. Nicolò Fraccaroli
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Correspondence to Robert Skidelsky .

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Skidelsky, R., Fraccaroli, N. (2017). Confidence in the UK Is Different from the One in the Eurozone. In: Austerity vs Stimulus. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-50439-1_8

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  • DOI: https://doi.org/10.1007/978-3-319-50439-1_8

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  • Publisher Name: Palgrave Macmillan, Cham

  • Print ISBN: 978-3-319-50438-4

  • Online ISBN: 978-3-319-50439-1

  • eBook Packages: Economics and FinanceEconomics and Finance (R0)

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