Austerity is not a "problem", it's simply the only remaining option when you run out of other people's money.
Countries can inflate their debt away at the cost of eroding savings and new borrowing becoming more expensive, no?
https://www.statbureau.org/en/greece/inflation-charts-yearly
alt Hacker News
Countries can inflate their debt away at the cost of eroding savings and new borrowing becoming more expensive, no?
https://www.statbureau.org/en/greece/inflation-charts-yearly