Replacing one debt with another is a ponzi scheme.
you don't understand
how is it a ponzi?
that way you have to pay a higher interest to make a bank rich
this way you lose less money by paying a lower interest rate and you make your people richer
it's damage control
I'm just wondering if it's doable
It's better to decrease some taxes instead, and you'll get more money to cover your debt.
how do you get more money by decreaseing taxes? o.O
if you meant increase
taxes in Croatia are already at 25%, that's the 2nd largest in the world
and for a nation of 4.5million covering a 45 billion€ debt with taxes I don't think it's doable
and the debt keeps growing every year