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Neither a borrower nor lender be. CEPS Commentary, 18 March 2011

Gros, Daniel. (2011) Neither a borrower nor lender be. CEPS Commentary, 18 March 2011. [Policy Paper]

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    Abstract

    Europe now must decide which countries and banks have access to funding, and at what cost. Drawing on the timeless wisdom of William Shakespeare, Daniel Gros warns that those countries now struggling under a mountain of debt should have realized earlier that excessive reliance on borrowing invites excessive consumption and wasteful investment. But the leaders of Germany and the other creditor countries should also be aware that a lender can lose both its capital and its friends.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > financial crisis 2008-on/reforms/economic governance
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Commentaries
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 23 Mar 2011 16:23
    Number of Pages: 3
    Last Modified: 23 Mar 2011 16:23
    URI: http://aei.pitt.edu/id/eprint/30356

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