Re: Corona-Bonds : The Second Attempt at EU Debt Mutualisation
Originally Posted by
Bread
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Don't let people dying fool you. Opportunity knocks for Das Democratic Republic auf die Eurozone ...
.... " Because that’s the next step that’s been on the docket for a long time; pushing the EU to its breaking point and waiting for just the right moment to bulldozer what’s left of national sovereignty in Europe in the name of saving lives. "
Interesting graphic in this article showing the Eurozone members in favour of Coronabonds and those who are not. Can you see a pattern emerging ... no prizes for guessing right
https://www.zerohedge.com/geopolitic...-next-phase-eu
I assume you disagree with the text in bold, since it was you, going on about the lack of leadership by the EU? Or has this article turned your opinion by 180°.
Eurobonds would be a solution to your critique that the eurozone members cannot print money, i.e. devaluate their currency. It is easy to understand why countries like italy are in favour. I can still remember the times when I could exchange one guilder for 15,000 lires. Every crisis in italy was met with devaluating the lire, not with financial discipline. They should have taken their example from countries like the UK.
Die deutsche democratische republik ceased to exist in 1989.