Wrong way round! ECB allows Governments to delay or abandon any structural reforms by bailing them out, keeping rates at absurd levels and effectively stealing from Savers - most of them low or middle income citizens that benefit little from the asset bubble the Central Banks create.
Governments Have Put the ECB in a Bind
History for the Books: Javier Milei & Argentina’s Budget
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For most of 2023, Javier Milei advocated a number of libertarian policies
aimed at reversing Argentina’s long economically downward trend. Among them
was...
9 hours ago
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