Euro Debt Is Seriously Risky

Euro Debt Is Seriously Risky

On Tuesday, Mario Draghi's European Systemic Risk Board published a report backing the argument for change, noting in particular that the more money banks allocate to government debt, the less they have to lend to companies. Both Dombret and the ESRB argued that concentration risk -- where a bank owns a lot of bonds from a single issuer, typically its domestic government -- should be addressed.

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