Inevitability of Debt The Faustian Bargain between States and Banks

States and banks have made a deal with the devil. Banks buy the sovereign bonds needed to prop states up in the tacit understanding that the states will bail them out in a pinch. But experts warn that this symbiotic arrangement might be putting the entire financial system at risk.
Are banks and governments merely feeding each other's addictions?

Are banks and governments merely feeding each other's addictions?

Boris Roessler/ dpa