All the other options – such as the IMF’s current plan – just put band-aids over the mess – and they are weak bandages at best.
Meanwhile, the ECB will have to continue funding the deficits across the union (even though it claims otherwise) and the European Commission will tempt disaster if it tries to reassert the Excessive Deficit Mechansim.
It is a mess – a totally dysfunctional mess.
“[W]e have to stop talking about how electric cars will save us; it takes too much stuff to make them all… We have to look… at making it easier for people to use… bikes, transit […]
New sanctions on the Houthis will make it impossible for the first phase of the Saudi-Houthi peace deal to be implemented. Read HERE Saudi Arabia Armed Forces. Qrmoo3, CC BY-SA 4.0 https://creativecommons.org/licenses/by-sa/4.0, via Wikimedia Commons
Inflation-linked wages in Belgium should have produced a wage-price spiral…but they haven’t. In fact, inflation in Belgium is dropping faster than many other economies. Why? Read HERE Photo: EmDee/Creative Commons
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