>>211652497 because the problem with PIIIGS was, to a large degree, debt balkanoids get gibs, but we also have a balanced budget Ireland turned things around, since the Eurocrysis
>>211652619 >option 1) tax people more to pay off debt, lowering quality of life >option 2) cut services to pay off debt, lowering quality of life >option 3) print more money, causing inflation, lowering quality of life regardless of the method, the result is the same
>>211652693 Printing is the best option since it hits unused capital the most IMO. Though I forgot they are in eurozone and have their currency issued by ECB lol
>>211653038 prices of goods will increase before wages rise during inflation, hitting the poors quality of life with no softening buffer they'd be worse off than middle income people with savings in cash which would depriciate