Bill Mitchell: Eurozone 2020. Don’t mention the War!

Nothing since the GFC has convinced me that the EMU can be reformed in any meaningful way to resolve the inherent flaws in its architecture, which reflect the neoliberal bias which set the system up in the first place.

The propaganda machine from Brussels continues to pump out these elaborate technical discussion documents that essentially mean more of the same.

And as the UN Special Rapporteur noted the Eurozone maintains a “fiscal system that provides far more benefits to the wealthy than the poor”.

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