289 sats \ 3 replies \ @Undisciplined 21 Jul 2023 \ on: Monetizing The Debt: Eurozone Reduces Public Debt bitcoin
Did the actual debt level decrease or just the ratio?
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21 sats \ 2 replies \ @TomK OP 21 Jul 2023
The absolute level is rising slightly. Wait for public tax income to implode. Germany had minus 7.3% in June compared to 2022
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0 sats \ 1 reply \ @Undisciplined 21 Jul 2023
That's really interesting. What's driving that? Is it Germany specific or will we see that throughout the EU?
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21 sats \ 0 replies \ @TomK OP 21 Jul 2023
Germany with its attack on their own energy and auto sector is really a special case. But the south won't be able to handle this recession because of the euro and high debt levels. A big crisis is coming to the Eurozone. Watch credit spreads between german 10y Bund and US 10Y. When the premium disappears You know it's over for them.
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