In Germany, hashtag inflation is on the rise again. The ECB will have no choice but to monetize the eurozone's escalating sovereign debt. A recipe for further price rises.
pull down to refresh
110 sats \ 1 reply \ @Undisciplined 29 May
Combined with Germany's weak economic performance, it looks like Nixon-esque stagflation. Have they tried wage and price controls, yet? How about wasting a ton of money on a military buildup?
reply
21 sats \ 0 replies \ @Satosora 29 May
Have they done anything to keep it in check?
reply
42 sats \ 0 replies \ @didiplaywell 29 May
Debt is emitted to be monetized for, if we are willing to think of bureaucrats as naive, they are supposing that you are going to be able to produce that amount of richness over current levels, a growth that by definition of fiat must be paired with emission wich now has that production increment support. Of course they are not naive and they know they don't have to wait for growth, they can just print right away. In any of both cases, debt must be understood as emission.
reply
21 sats \ 0 replies \ @Coinsreporter 29 May
If you ask them, they will only say that we're down 5 points. They won't say that it's still too much not to worry.
ECB isn't worried at all and thinks that it can repeat the same thing as 2008 when it needs!
reply
0 sats \ 0 replies \ @Satosora 29 May
Will they sell Euro bonds?
Or ones from Germany?
reply