There is no return to pre-crisis normality. The new lessons must be learned quickly, otherwise an economic catastrophe is imminent. The course must now be set correctly, especially with regard to debts and wages.
Cross-posted from Makroskop and Brave New Europe
Translated by BRAVE NEW EUROPE
Everyone wants to return to normality – economically as well. …
Germany’s new coronavirus stimulus package is wide of the mark, taking little account of the impact on investment, unemployment and loss of export income.
Cross-posted from Makroskop and Brave New Europe
Translated by BRAVE NEW EUROPE
The economic stimulus package is hailed by most of the media as a big bang. …
An international fire brigade – one way of looking at the European Central Bank – should brook no interference at the national level when it turns on its fire hose. Its ultimate arbiter is the pan-national European Court of Justice.
Cross-posted from Makroskop and Brave New Europe
Translated and edited by BRAVE NEW EUROPE
“The democratic sovereignty of the people” must also bow to this logic: whoever wants to have functioning international relations between states must subordinate the democratic self-determination of the nation states to international law and international agreements. …
Europe could now break apart very quickly. If Germany does not finally begin to adapt its role within European Monetary Union it’s not fair to blame an ignorant court.
Cross-posted from Makroskop and Brave New Europe
Translated and edited by BRAVE NEW EUROPE
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