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Posted on 11/7/19 at 5:59 pm to Shepherd88
Britain and Greece were only the beginning, IMO.
The lack of currency control (i.e. debasing) is only going to hurt worse for Greece and the other debtors moving forward. They’re not going to continue to take austerity measures in perpetuity and will likely leave prior to being forced out.
On the flip side Germany/France/etc are only going to grow more tired and less able to foot the bill of the debtors as their native populations age into net takers, not earners (this is true across ALL of Europe and most of the first world. Age demographics will be awful very shortly)
The lack of currency control (i.e. debasing) is only going to hurt worse for Greece and the other debtors moving forward. They’re not going to continue to take austerity measures in perpetuity and will likely leave prior to being forced out.
On the flip side Germany/France/etc are only going to grow more tired and less able to foot the bill of the debtors as their native populations age into net takers, not earners (this is true across ALL of Europe and most of the first world. Age demographics will be awful very shortly)
This post was edited on 11/7/19 at 6:04 pm
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