money creation is subjugated to the European Central Bank but every member state has their own separate fiscal policies, and the ECB has no mechanism to absorb the imbalances between different member states
wait fr? they can't just coordinate printing more money? what a bunch of jokers lmao
The Euro was designed by the US to fuck over Europe, and the European private banks went along with it because it put them in virtually completely control.
The Eurozone was designed to foreclose on Keynesian economics and ensure neoliberalism.
wait fr? they can't just coordinate printing more money? what a bunch of jokers lmao
The Euro was designed by the US to fuck over Europe, and the European private banks went along with it because it put them in virtually completely control.
The Eurozone was designed to foreclose on Keynesian economics and ensure neoliberalism.
yo any reading or resources you could help me out with on this?
I’ve read & heard it from Michael Hudson, Yanis Varoufakis, and Radhika Desai. Maybe the first time I heard the history of it was in an early episode of Geopolitical Economy Hour.