Desmond Lachman, The Hill: Is Europe headed toward another debt crisis?
In 2010, the Eurozone experienced a sovereign debt crisis that shook the world economy.
Today, in the wake of the COVID-19 pandemic, it appears that the Eurozone could be well on the way to another such debt crisis.
It is not only that the public finances of several key countries in the Eurozone periphery are considerably worse than they were on the eve of the 2010 sovereign debt crisis.
It is also that inflation has risen to a level that will make it difficult for the European Central Bank (ECB) to continue to keep the Eurozone periphery governments afloat by a continuation of bond purchases on the massive scale that it has been doing to date.
Read more ....
WNU Editor: The Covid-19 pandemic has brought on a lot of debt for individuals, businesses, and governments. in Europe, a lot of eyes are on Germany and what is happening there .... Germay's Inflation Dilemma Could Reignite Europe's Debt Crisis (Bloomberg).
1 comment:
This is all Merkel, who has been there for 15 years. The legislature is also responsible, but she controls a percentage of that also to a degree. She has had disastrous energy, military, immigration and health policies.
You do not close down a state economy when it experience a worse than normal fire season. You do not lockdown a nation when it experience a worse than normal flue season.
You have to teach and reteach simple things to simpletons, who run and vote Democrat.
a) More than one virus can infect a person at one time.
When the CDC and others measure influenza and corona in people this winter, how will we determine what put people in the hospital, lot work days or cause of death?
b) Last winter Democrats declared that the flu was vanquished and maybe for good because corona took over. It was piss poor reasoning, but it made the statistics come out right for political fear mongering. How will Dumbo-crats explain the re-emergence of the flu?
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