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So borrowing and overspending at the cost of the future generations is the way to go? Then go Greece style, default every decade until nobody will ever lend you any money?

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It's not overspending, it's investing in the future generations. The quantity of Euro it's just a number in some computer.

Infrastructure, knowledge, education, and a better life in general is a real thing.

TBH, that works as long as your demographic pyramid is healthy. For most of Europe that is not the case. On top of that, return on additional debt has been stagnant since the 90s in OECD countries. There's simply almost no place to put your money in the developed nations. IMO this is the first time since the beginning of the industrial revolution where allocative efficiency has a higher return than investment efficiency.

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