At the very least, European policymakers will need to be willing to (a) “pesify” contracts, (b) impose heavy restrictions on commercial banking operations, (c) restructure debts, and (d) introduce capital and exchange controls.
At the very least, European policymakers will need to be willing to (a) “pesify” contracts, (b) impose heavy restrictions on commercial banking operations, (c) restructure debts, and (d) introduce capital and exchange controls.