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France provides the blueprint for fiscal policy and the completely unrealistic forecasts within the eurozone. The same applies to the growth forecasts, which always overstate the potential growth. If you reduce economic output by the state sector, which is merely a consumer and not a producer, the eurozone presents a devastating overall economic picture - if you now add the fact that all countries are in a serious demographic crisis, the orgy of debt is likely to accelerate.
Politicians and bureaucrats talk both ways. They are the best at it.
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That will be a lot of debt. Germany will foot thr bill?
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20 sats \ 1 reply \ @TomK OP 2 Oct
I don't think they will be in good shape for this stunt
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All of eu seems to be on the downward trend.
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China enjoys a trade surplus with almost every nation on earth. If China can sustain trade surpluses and dominate most commodity markets while the current holders of global resource hegemony are increasingly indebted then it is likely that global resource hegemony will shift from the west to China.
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Good point. Therefore the US needs to build strategic relations to South Am asap
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The issue had been in the hoven for quite some time, and in many other countries as well. It will hurt when it finally pops.
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47 sats \ 0 replies \ @ogi099 2 Oct
yeah, since covid lockdowns when supply chains got broken, its only matter of time when it will pop - and the longer it doesn't, the bigger final we will have
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Hope You're not in Europe when fireworks begin next time. I've been in Greece 2012 when anything drought up
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I've been in Greece 2012 when anything drought up
It wasn't pretty to see
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I was travelling on credit on Crete from village to village to wait for getting some cash again. My visa didn't work. Incredible people that helped me like I would have been a family member
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Talk about a broken clock. They make the same prediction no matter what's going on.
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Now when 'mr. 1000 Trillion' has gone of the scene, I highly doubt another 'Mr 1000 Trillion' has replaced him.
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