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The Big Fiscal Stimulus Coming From The EU

September 1st, 2019 · No Comments

  • Countries with very large current account surpluses like Germany and the Netherlands save too much and invest too little, risky when growth slows.
  • Add to that negative yields, budget surpluses, the impotence of monetary policy and the eurozone adjustment burden and the case for fiscal stimulus becomes extraordinarily compelling.
  • Luckily enough, there are signs policymakers are waking up to this compelling logic.

Source: The Big Fiscal Stimulus Coming From The EU | Seeking Alpha

Tags: Fiscal policy