>>>>>It's much, much worse.
>>>
>>>Only because you allow it to be. When you owe, inflation is your friend. ;-)
>>
>>Lived through this kind of 'remedy' back in 80ies and later in 90ties. Inflation is nobody's friend !
>>Think switching earnings of 100k/year in today's dollars into 100 000 (or billions) of deutchemarks of 1923 (and everything that came thereafter).
>>http://en.wikipedia.org/wiki/Hyperinflation
>>
>>What you are implying is dangerous macroeconomic gamble which btw is what they are already doing with QE1 , QE2 and
>>soon enough QE3. Results we got so far from that, is global increase in commodity prices (food prices > normal => recent uprisings)
>>and almost negligible economic 'recovery'. There is NO real solution to debt problem other then making money and repaying it.
>>What they are doing so far with QEs (money printing) is if you ask me, like rocking the boat to try get the water out...
>
>IMO inflation and hyperinflation aren't really the same thing.
>
>expecting countries to deal with their debt problems through austerity is not going to work.
>
>Funnily if Germany was a person it would be Marcia.

No way - Germany has about 83% debt, which is not really glorious. Marcia is more like Estland.
The only thing Germany did well was integrate forfmer est germany while only doubling
debt from about 33% to about 65% end of last century.
Then the € arrived, which was fine until our red/green gov decided with France that the 3% new debt rule was not to be enforced.
In 2005 Germany started consolidating - the debt difference of the last 6 years looks good only when compared
to other countries, not to any real corporation.