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That sounds plausible. It's hard to predict with confidence because so many of Europe's problems are own-goals.

If Europe stopped firing on its own net it would be much more competitive and might be able to grow its way out of some of these fiscal problems.

i mean, obviously, Europe can't help itself on that front, i just wonder what a collapse of the eu block looks like

maybe a similar fate to hyperinflation in other countries, just across a block of countries, use the printer, bail in haircut the savings, find more things to tax

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It probably depends on who's holding the bag at the end.

If it's EU cronies, then there will be bail-ins to save them. If it's other people, then they may just allow a default of some sort and attempt a monetary reset.

I'd expect hyperinflation only once it looks like the entire EU experiment is coming to an end.

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