perhaps they’re counting on all those zombies and bots on paying those 30year bonds?
Italy ranked 23 in population has the worlds third largest bond market.
Right now the average age is around 44 years and by 2035 one third of the country will be over 65,
which means that most people will be working to pay those pensions - forget the bonds.
(And given they are averse to immigration they are not likely to grow out of it.)
