The debt crisis, debt continues to grow, there is a structure in which deposits does not increase any more.
Government need to sell bonds. Market and central bank need always buying it.
As a result, the deposit will be less than usual debt.
Then, interest payments will be an economic blow.
Interest payments will not be able to in the end.
It will cause default, hyperinflation, the deposit blockade.
Two approaches are effective to solve this dilemma.
1, the central bank makes a capital injection directly to the government
2, the central bank borrow government bonds from the government
I have written in Japanese in more detail below.
http://lifecycletheory.blogspot.jp/2013/04/blog-post_4475.html
This causes the fiscal inflation.
However, employment improvement, tax cuts e.t.c are possible.



