3min chapter

Hidden Forces cover image

Opportunities for Value Investing, China's Digital Currency, & the Pivot to Asia | James Aitken

Hidden Forces

CHAPTER

Is There a Need for Fiscal Integration in the Eu?

Fiscal policy in europe between lightonine and 20 12 came down to one thing, germany wanted to punish greece. And if germany is running the show, and wolfgang scheubler decides that we're not going to use fiscal policy any more, that's the end of that. So we had this political theatre, which was immensely harmful. The german debt break overruled everything, no matter how harmful it was for your home country. It was disgracefully harmful and arguedly unnecessary,. all for the sake of something called european unity. But there was an enormous break through in europe last year when you have something created that looks awfully

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