The collapse in money supply growth in the eurozone points to the depth of the recession in which the bloc of states still finds itself. The first signs of recovery are emerging, liquidity is flowing back and the volume of credit also Eurozone: Money supply growth slowly returningseems to be slowly picking up again. The eurozone in particular, based on the principles of keynesian superstition, is dependent on the stability of money supply growth and credit growth, which is why we are seeing the heated debates about the introduction of war bonds and eurobonds these days. The private credit market appears to be saturated and the state has to create artificial demand. Naturally, this is at the expense of productivity growth and continues to squeeze out the private sector. A death spiral.