June 26, 2020 at 08:38AM
ECB’s Lagarde: Debt will massively increase because of the crisis, and has to be repaid
Lagarde reaffirms that government debt will eventually have to be repaid
No. Just no. Governments will never run surpluses just with a snap of a finger and what is happening to the world and their debt levels now is basically what we have seen with Japan over the past two decades.