State Bankruptcy and Bailout Reactions: No Bailout, Yes Bankruptcy Group – Stump

Comment: We will publish our response to the anti-state bankruptcy voices as soon as they have finished having their say. Our view is that the concept should continue to be explored but that judgement should be based based on the specifics of any particular proposal, because there are so many possible forms it could takeand the details make all the difference in the world.

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