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Is the international monetary system “unfair”? | Banque de France

Over the longer term, the geopolitical and climate uncertainty could push Europe to finance a growing portion of its public investment jointly, by increasing the European budget and issuing common European debt. The sovereign debt of large euro area countries will also continue to provide a close substitute for a genuine European debt instrument, provided these economies comply with European fiscal rules.

#debt #mar-a-lago-accord #dollar - banque-france.fr

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