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In 2010, financial markets were shaken with the prospect that Greece might default on its national debt, yet one often reads that nations are not
In 2010, financial markets were shaken with the prospect that Greece might default on its national debt, yet one often reads that nations are not at risk of defaulting on their debt because they can always "print" money. In what sense is this true? If true, then why do national treasuries sell bonds?
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