• bauhaus@lemmy.ml
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    1 year ago

    12% interest rates? god damn…

    how is their economy even functioning?

    • Anomandaris@kbin.social
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      1 year ago

      It seems like their economy is reliant on a series of short term fixes, and as each one winds down another bigger one needs to take its place.

      12% interest is another example of this, it will improve things in the short term but has no effect on the underlying problems, meaning that in a couple of months or so something even more drastic will be needed.