Medoids will bring another financial crisis to the union simply because they can't be responsible with money

>medoids will bring another financial crisis to the union simply because they can't be responsible with money
Why do we allow this to happen?

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>muh hecking money printer crisis

>Inflation is le nothing burger

Stop using inflationary currency then

Italy's default won't just be a crisis, it will completely destroy the Euro. Better start dusting off the escudo printers

Wouldn't need an inflationary currency if medoids didn't take so much debt
>Italy's default won't just be a crisis, it will completely destroy the Euro
sadly this

need to run across the sea, fucking fast

Nobody is preventing nodroids from not giving us money lol.

italy won't default. we could fix our debt issue in 1 day by tapping into private savings but no party want to do it because it would be political suicide. instead we're going to stare the abyss like in 2011 and then call the technocrats to do the dirty work

>we could fix our debt issue in 1 day by tapping into private savings
dude thats not a good way to repay country debt

actually it is. other than the last 2 years italy always had a primary surplus but after adding the interests on debt it turned into deficit. if the debt was lower we would've steadily reduced it

>10% inflation
>bonds at barely 2-4%
Dude, as long as it's below inflation it's literally free money.
Also pic related, the difference between (for example) Spain's 10Y bond and Germany's 10Y bond is basically unchanged unlike the financial crisis a decade ago (big spike), so this is literally nothing.

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this is only a problem bc they dont issue their own currency
if they still had control over their currency they can never default bc they can just print money to cover the payments at maturity
back when italy had the lira everybody was scared theyd default but that fear was ridiculous, they just minted lira and met all their payments
adopting the euro is the most retarded thing imaginable and these countries will have to leave the eu if they know whats good for them

that's how you get hyperinflation

this
defaulting on your debt isn't that much better

no its how literally every gov with its own currency has been financing their bonds for decades
japan has the largest debt to gpd ratio in the world and theyre facing deflation going on 30+ years
bonds take money out of circulation the interest payments are balanced out by the much larger volume of people buying the bonds at any given time

japan went from being able to compete with america to an irrelevant with a stagnant economy

youre moving the goalposts
the point is hyperinflation is not a concern for any half competent government
its actually really difficult to hyperinflate a currency

Damn

>Why do we allow this to happen?
Because of muh common European vision of le future :D

No but really, I would be pro EU if it wasn't for the southrons with their eternaly busted economies, and dysfunctional state aparatuses proving ever incapable of solving their chronicly broken systems of governance.

Spain actually isn't that bad though, and while it's not perfect there either, it's still a little unfair to group them toghether with countries like Grease and Shitaly.

Which is why our 10Y bond yield is the lowest in S Europe. We are trying our best.