Back To The Falklands, Monetarism’s Meltdown, A New Eurozone Crisis
Multipolarity
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The Bunders Bank's Balance Sheet
The Bunders Bank was pushed into buying an awful lot of sovereign debt in 2015. It objected to this, recall this was the bailouts effectively of the European periphery countries. The Germans were always concerned about two things: backing up the profit of good governments would encourage them to spend more. And they also feared mission creep with the QE programmes. Once you break the rules once, you'll just keep breaking them - and it's kind of what we saw here.
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