The countries with big IB banks i.e. Germany
https://www.adb.org/sites/default/files/publication/156225/adbi-wp370.pdf
Differently put the current eurozone crisis is a public debt crisis. Table 1 shows that all PIIGS countries
Evidence from the European debt crisis. Abstract. Using loan-level data we find that syndicated lending by European banks with sizeable.
trade partners the relatively rapid increase in nominal wages in France over The euro area sovereign debt crisis has shown the potential for spillover ...
trade partners the relatively rapid increase in nominal wages in France over The euro area sovereign debt crisis has shown the potential for spillover ...
16-Apr-2012 DANIÈLE NOUY Prudential Supervisory Authority – Banque de France. 95. Monetary policy focus. 107. Contagion and the European debt crisis.
(It is notable that Finland's debt was only 0.2 percent of Finnish GDP compared with burdens two orders of magnitude larger for France and the United Kingdom.)
Accordingly like the dysfunction of the interwar gold standard
03-Jan-2022 31 countries—including Argentina France