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I think they did? At the cost of very slow recovery, which I think is the problem with austerity measures.

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?

Countries can't push that approach very far before new borrowing doesn't just become more expensive, it becomes effectively impossible.

Countries with poor credit struggle to issue debt in their own currency. Being able to inflate your debts away is a privilege of the rich.

This is a very strange perspective when the simplest solution is to introduce a demurrage euro for automatic equilibrium in the Eurozone.

I know you permanent money people are keen on a dog eat dog world where you trust no one and see everyone around you as a competitor to defeat.