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Even in a changing world, the French government can always be relied on to rock up the highest debt... pic.twitter.com/PCrBkH6ZjE
— Daniel Kral (@DanielKral1) October 26, 2023
Inflation has not been the main driver behind the recent large reductions in debt-to-GDP ratios in Southern Europe, it is a lazy assumption to make (after all, GDP deflator shot up a lot less than CPI). Strong growth has been much more important. https://t.co/5ronCBBJMj pic.twitter.com/EK11WvyZqt
— Daniel Kral (@DanielKral1) October 21, 2023