Wolfgang Streeck – Angela Merkel’s empty leadership

Now that prominent mainstream economists have grudgingly accepted some of the elements of Modern Monetary Theory, they are simultaneously trying to discredit it to save face. Read here

A euro area fiscal stabilisation capacity has long been called for by academics as well as European and international institutions. Read Here Photo by Pfiz

German economists are a bit slow, but the have come to the conclusion that was obvious for the past half year. And where their optimistic prognosis for 2025 and 2026 came from is not clear. […]