It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong
George SorosBy creating the European Central Bank, the member states exposed their own government bonds to the risk of default. Developed countries that issue bonds in their own currency never default, because they can always print money. Their currency may depreciate, but the risk of default is absent.
George SorosYou could adjust the punishment to fit the infraction. Even a small fine would be enough to bring an errant government to heel.
George Soros