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MacroVoices #345 Daniel Lacalle: The Situation in Europe is Worse Than You Think

Macro Voices

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Is There a Crisis in Europe?

Business is closing unemployment rising industries leaving the European Union because they simply cannot continue to work with elevated levels of price. The average household pays about 70 to 75 percent of an overall bill in taxes and surcharges so politicians haven't changed any of that even on the face of a wave of bankruptcies, businesses and a rise in unemployment. Liz Truss seems to be even stupider than Joe Biden when it comes to understanding inflation they want to use subsidies handouts in order to solve what really is a problem where they need to focus on demand destructionThe EU continues to try to stimulate their way through a problem that stimulus only worsens if I got it wrong no you haven't the biggest problem

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