back on topic; “what will happen in the coming months?”
we will default on our debts.
The imf/ecb are not bailing us out, they are lending us money at a better rate than anyone else. We will still owe over 200 billion at the end of this. That’s well over €100’000 for each member of the workforce or nearly a quarter of a million euro for each income tax payer. Even at 5% interest that’s an extra €12’500 per income tax payer per year or €240 per week. Who we owe it to doesn’t change that. There’s no way on earth that we will ever be able to pay that off without default or very high inflation. The ecb won’t go with high inflation so...