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mk  ·  3576 days ago  ·  link  ·    ·  parent  ·  post: Jeremy Warner: Austria is fast becoming Europe's latest debt nightmare

If tax revenue has fallen, then the same debt carries a heavier burden. The guy's narrative might be extreme, but the solution to debt is inflation and growth. To get there, Central banks print money and lower rates. Rates have been low and money has been printed. If inflation and growth don't kick in...