What's Happening in the Great Depression?

In europe, they're basiclly all broke. They can't default if they'd dhefault. And what would happen is they wipe out everybody's savings,. The government's competing with the private sector and that's why the economic growth has been declining. Government doesn't create a jobs it consumes what somebody else produces. That's the problem of government. How about this? We were in a better place because we went from negative interest rates to 0%. If you ask for more money at paro bt then you have to go back to central banks who are not the same. So the e citt will never be able to solve its own problems without going into debt.