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	Podcast:		Economics, Finance and Accounting and Control
	Episode:		(Low) An Unwelcome Intervention
	Category:		Business
	Duration:
	Publish Date:		2012-06-06 02:00:00
	Description:		When sovereign debt came under attack in 2011 it was the first sign that the markets were losing confidence in the government’s ability to honor its debts, says Prof. Antonio Argandoña. If it reaches that point, that’s when intervention happens and the European institutions will demand a reduced deficit, spending cuts and higher taxes. Intervention would have a high psychological and political cost.
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