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42 sats
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4 replies
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@Undisciplined
18 Jun
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on: Eurozone facing acute debt crisis
econ
Wow, Italy's really going for it. It's a race to the bottom and they're aiming to win.
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@TomK
OP
18 Jun
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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2 replies
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@Satosora
19 Jun
I thought a lot of the southern places brought in tourists.
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@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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@Satosora
19 Jun
I guess just tourism isnt a dependable way to bring up the gpd.
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