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A default is inevitable. However, last time I read about it (month or two ago) government expenses less debt payments was still greater than government revenues
by ahi 15y ago
A default is inevitable. However, last time I read about it (month or two ago) government expenses less debt payments was still greater than government revenues. So they still need financing. If they can get revenues and (non-debt) expenditures balanced they can stop pretending they will pay the Germans back.