The view that a seven percent interest rate on government bonds is a sonic barrier. A country cannot borrow at a higher interest rate. There is no convincing economic justification at all for this opinion, which is often put forward in connection with the ECB’s fall from grace – by whomsoever.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/