8min chapter

The Loonie Hour cover image

The Economic Shock Will Come from Outside the US

The Loonie Hour

CHAPTER

European Countries and the Euro Area

The hosts discuss various European countries and their relationship to the euro area and the European Union, highlighting currency systems, central banks, upcoming elections, and protests by farmers. They also delve into the economic challenges faced by Europe, including weakening industrial base, low credit growth, deflation, lack of common treasury and federal debt, dependence on global cycle and China, energy dependence, and geopolitical challenges.

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