Great to hear Karl Whelan repeating this morning what has been advocated on this site for some time. He’s a fine economist and nice to see the economic establishment is looking at the alternatives. What he is saying in today’s Irish Times is basically points 6 and 7 in this article. Forcing ECB into a debt/equity swap was one of the cornerstones of “Outsiders” the show I toured around the country. The ordinary people in theatres got it, maybe the new government will get it too.

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