EU spending limits are only for nurses and hospitals, not bombs, and only for countries like Greece and Portugal, not Germany.
Read the article HERE.
Politico – Brussels approves Germany’s mega spending plan
Economics
Bill Mitchell – ECB should take over and repay all the joint debt held by the European Commission after the pandemic
1. The responsibility for the joint debt be taken off the European Commission and handed over to the ECB. That could easily be done. 2. The ECB then pays the debt off when payments fall […]
Economics
Financial Review: China sets lowest growth target in more than three decades
China’s government set its lowest economic growth target in more than 30 years, a sign the housing slump, stringent COVID-19 controls and global risks will continue to curb demand. Read Here
Austerity
Bill Mitchell – Latest IMF data helps us see how political choices impact on health and economic outcomes
Corona: Elimination is better for health outcomes. It is better for economic outcomes. It is costly but less so than the alternative that most nations have deployed. Read here
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