Europe w/ Anton Jäger & Dominik Leusder
The Dig
00:00
The Debt Crisis in the Emerging Markets
Even a grease outside of the euro zone would have maybe faced an Argentinian style debt crisis at the beginning of the 2010s. There are these transnational class coalitions between respective national elites which have benefited immensely from the current architecture of theeuro zone. The german export capital recycles that surpluses to some mediterranean elites for example in greece which blanks the country to remain credit dependent and doesn't need any visions of sort of national economic development.
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