👉 A repaganizer is a person or organization that has been involved in or supported by the Italian government during the period of its financial crisis, which occurred from 2001 to 2009. The term was coined by economist and author Michael Lewis while discussing the impact of the crisis on the United States in his book "The New American Century."
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What is the definition of Repaganize? 🙋
👉 The term "repaganization" is a concept in economics that refers to the process of restoring or re-establishing government debt and other financial obligations. This can involve various measures, such as restructuring debts, issuing new bonds, or selling assets to pay off debt. In the context of repaganization, it often involves a gradual reduction of interest rates, which is intended to stimulate economic growth by reducing borrowing costs. However, this process has been criticized for potentially leading to inflation and other negative consequences
