Finance ministers like to sound and talk tough. They want to have a reputation for prudence and conservatism. The former British chancellor of the exchequer Gordon Brown talked about how he eliminated ‘boom and bust’ economic cycles. Germany’s former finance minister Wolfgang Schäuble cut a stubborn figure in his relentless insistence during the eurozone crisis that there could be no let-up on the pressure on Greece to abide by the rules or exit the single...
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