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There is an alternative to paying off mega-debt - defaulting. Just as Germany did when they were forced to pay ridiculous war reparations after WWI (after a per
by roymurdock 12y ago
There is an alternative to paying off mega-debt - defaulting. Just as Germany did when they were forced to pay ridiculous war reparations after WWI (after a period of hyperinflation as they tried to print their debts away, much in the spirit of the EU QE efforts).
If Germany is paying for all of this and building an unsustainable debt by not investing in European infrastructure and businesses that will generate it a return, then so be it - this is a problem for Germany. They'll either have to start seizing assets or annulling debt.