If you can’t find someone to buy your debt, the printing presses have a very limited life.
If the market is totally free you are correct, but more and more governments have taken the populous route and coerced investors to take steps not in their best interests.
No argument there. I think the technocrats win again this time because the economic squabbles and differences between the member states will be labeled ‘nationalism’ and that is Europe’s biggest fear, especially when we’re talking about Germany. This is how the European Union and it’s banks shear it’s sheeple. They will once again be able to hide the ball in this shell game, at least for a little while.