Defending currency has to have some quip, right? Something like, "The market can remain honest longer than your central bank can stay solvent"?
Always seems to go wrong. Like spraying water on a forest fire with a straw.
Always seems to go wrong. Like spraying water on a forest fire with a straw.
The only ways to pay back 120%+ GDP is hyper-inflation or a debt jubilee. Given the South Seas company debt interest is still being paid back, doubt it will be the latter.