Germany is proposing some more smokes and mirrors so that it can maintain its position as the exemplar of fiscal responsibility by obeying its ‘Debt brake’ yet inject significant deficit spending into its recessed economy, which is starved of public infrastructure spending.
There are still those who speak truth to the EU´s political elite. Thelinked speech is well worth reading. Read here
January 3, 2019 Mathew D. Rose Economics, EU politics, EU-Institutions, Finance, Financial Institutions 0
A very interesting analyses of the role of the EU and European banks in the Great Financial Crisis. Read here