Bill Mitchell: Reliance on monetary policy is mindless, ideological nonsense

Unfortunately mostly US and little Europe. But as the US is faring better than Europe it is still a bellwether and might provide some insights with regard to the EU. Read here

French and German banks have more than $400 billion at stake and would lose big if the country left the currency union. Read here

This week the Dutch government blocked a proposal to activate a special credit line for countries who need financial support to fight the Covid19 crisis. But the logic behind the Dutch position is backward-looking and […]