EU Joint Debt Is a Slippery Slope, Nobel Economist Sargent Says

bloomberg.com

11 pointsrntn5 comments

That is precisely why it needs to happen. The EU needs to federalize yesterday.

Agreed, but I’m not 100% sure we are ready to federalize. A failed attempt at federalizing could backfire

Need doesn't imply possible.

Well that's what slippery slopes are for :-)