This cannot be the spirit of sustainable government finance. In addition, the low interest rate level in the periphery countries of the euro area means that urgently needed structural reforms can be postponed.
This, however, is exactly the wrong approach and, over the long-term, it does not help but rather harms the country in question and the euro area as 2/5  BIS central bankers' speeches  a whole. Similarly, due to distorted price signals, there is a growing danger of capital misallocation in the private sector.