IndoMike
Very well known Exeweb poster
Depends on the interest rates ; depends on how much of the debt is in dollars and hence on the exchange rate. If debt is not a problem how come The Chinless Wonder put the country through 10 years of austerity to pay off the debt? Huh?That’s a very 20th century attitude to economic theory Hermie, a new doctrine says countries who are able to borrow in their own currency, can rack up long term debt with little or no risk. That’s the theory anyway.