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
Democratic Socialists and MAGA Share the Same Dangerous Flaw
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Neither group sees it, but DS and MAGA have a lot in common.
4 days ago
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