If we take Germany, the largest economy in the eurozone, as an example, we can see that interest rate pressure on public budgets is continuing to rise here too. Real interest rates for Germany remain in positive territory and continue to rise. How will the public sector react to this situation? Probably with more debt! There is no way out for the eurozone: it is stuck in the stagflationary trap and must use the printing press to meet the gigantic social obligations that the states have burdened themselves with, which will generate further inflationary pressure and push interest rates up further in the medium and long term.