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Some European academics tried to argue that there was no need for US-like fiscal transfers, because any desired degree of risk sharing can, in theory, be achieved through financial markets.
Někteří evropští akademici se snažili doložit, že fiskální transfery ve stylu USA nejsou zapotřebí, protože žádoucího stupně sdílení rizika lze teoreticky dosáhnout prostřednictvím finančních trhů.