no wonder they're pushing the whole we just joined NATO news, trying to drown out stories like this, I guess they're saving grace is that they have their own national currency so less friction about issuing more to paper over these things in the medium term.

I guess when you go from negative interest rates up to 3% even though it seems small the amount of borrowing makes those servicing costs impossible for many a business and I guess households, wonder how defaults on consumer debt is doing, home, auto and credit card, can't be looking pretty either