The big motor is fiscal policy and because of the flawed design in the Eurozone it is dysfunctional in the extreme. Central bank policy shifts can do little to counter the damage that fiscal austerity is doing in Europe.
Related Articles

Economics
Geoff Tily: Working families aren’t ‘just about managing’ – they’re in danger of going under
Theresa May has achieved the extraordinary feat of turning UK households into deficit borrowers. Read here

EU politics
EuroIntelligence: The world has discovered how to blackmail Germany
Once again it is confirmed that Germany, the EU hegemon determines policy. Read here

Climate Crisis
Riccardo Mastini, Giorgos Kallis and Jason Hickel: Europe’s Green Deal is a tepid response to the climate crisis
December 3, 2019
Mathew D. Rose
Climate Crisis, EU politics, EU-Institutions, Finance, Green New Deal, Sustainability
0
The EU’s new climate plan hardwires an economic model that prizes GDP growth over ecological limits. Read here
Be the first to comment