Belgium's debt crisis now exceeds Greece's 2012 meltdown levels. Belgium carries €719B in public debt with a 5.2% deficit and pays 4.38% to borrow. Greece, which nearly collapsed the euro 14 years ago, now holds €359B debt, runs a 2.0% surplus, and borrows at 4.26%. Markets trust the country that defaulted more than an EU founding member. When governments can't control spending, inflation becomes the tool to erode debt—and your savings pay the price.