Wow, Italy's really going for it. It's a race to the bottom and they're aiming to win.
In addition, a large part of this debt was bought by the ECB, so the free market rejects this junk per se. Interest rates would therefore have to be much higher and the debt crisis would have been on fire long ago.
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I thought a lot of the southern places brought in tourists.
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20 sats \ 1 reply \ @TomK OP 19 Jun
Tourism is an important economic factor in southern Europe, no question about it. But it would not be able to compensate for this economic shock
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I guess just tourism isnt a dependable way to bring up the gpd.
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