While the ECB paper does not exactly state the obvious the meaning is clear – even to get within a ballpark of what is required will require substantial austerity being imposed on areas of expenditure not related to these challenges.
Related Articles
Heiner Flassbeck: Overkill – The ECB is driving the European economy up the wall and everyone is watching
The economic situation in Germany is bad, very bad indeed. There are indicators such as the so-called Markit PMI that predict a similarly devastating scenario for German industry as at the time of the great […]
Wolfgang Streeck – Engels’s Second Theory: Technology, Warfare and the Growth of the State
Friedrich Engels famously spent his working life in the shadow of Karl Marx, a position he now occupies for posterity, and one in which he willingly placed himself. Born in 1820 in the Rhineland town […]
Hygge Banking: : New data leak reveals far bigger extent of money laundering at Danske Bank than previously thought
July 4, 2018
Mathew D. Rose
EU politics, Finance, Financial Institutions, National Politics, Regulation, Tax
0
Now we know what Danish bankers get up to when sitting by candle light in woolly jumpers eating crispy pork with parsley sauce Read here
Be the first to comment