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Argument: Solidarity around EMF matters more than moral hazard

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Parent debate

Supporting quotations

Daniel Gros and Thomas Mayer. "How to deal with sovereign default in Europe: Towards a Euro(pean) Monetary Fund." February 2010: "Member countries of the EU have signed up to the principle of solidarity, which is enshrined in numerous passages of the Treaty. Hence, they can expect to receive support when faced with extraordinary financing difficulties."

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