The emperor has no clothes

Tabellini, Guido.

Last week’s failed German government bond auction raised alarms across Europe; some say the Eurozone only has days to avoid collapse. This column argues that unless the Eurozone and particularly the ECB changes its anti-inflationary stance, the troubles will only get worse. The Eurozone is broken, and it is time to admit it. 

Πηγή: Voxeu

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