In practice, debt repayment through inflation alone is almost debt forgiveness; The problem is that measures like this signal to governments that it is worth not acting with fiscal responsibility
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MATEUS BONOMI/AGIF – PHOTOGRAPHY AGENCY/ESTADÃO CONTÚDO President Lula sanctioned the renegotiation of state debt
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*This text does not necessarily reflect the opinion of Jovem Pan.
I am Andrea, an author writing about world news, especially events in the USA. My goal is to provide readers with in-depth analysis and context to help them better understand what is happening.
