>>513931089
>Eurobonds will fix this.
>They will just socialise all debt among all states equally. All for one, one for all and such.
Lmao.
I was thinking about how absolutely insane that idea was when typing.
The solution to a debt crisis is not to take on more debt (unless you are a western schooled economist).
But given that all of it is a continuation from the dotcom bubble, and their solution has always been to take on more debt, I guess that will be the solution this time again.
(The dotcom bubble was never allowed to fully burst, and a new bubble in housing was born. That bubble blew up in 2008 causing the financial crisis, and the solution was more debt. This time even birthing the term PIGS, the acronym for horribly managed economies in the EU encompassing Portugal, Italy, Greece and Spain.)
So probably Euro-bonds will be the solution now since the governments themselves can't take on more debt.
And we see the other bubble bursting as well right now ("green" tech).
Some signs from Sweden are Northvolt (largest collapse since Ivar Kreuger blew his brains out in 1932 over tanking the entire economy of the country with unpayable debts).
But we also see the same happening to H2 Green steel, now renamed to Stegra (imagine being part of a state funded monopoly on mining and processing ore, and still fucking things up so bad you lose billions in taxpayer money with nothing to show for it and being forced into reconstruction).
We also see wind farms file for bankruptcy, despite being 30-50% taxpayer funded...
If I have to guess, the next bubble will have to be MIC/weapons manufacturing in the west.
Something has to inflate le hekkin GDP.