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| Misguided policies aggravating euro area problems https://mail.paphospeople.com/ppforum/viewtopic.php?f=2&t=36291 |
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| Author: | M.A.D [ Sun Sep 04, 2022 3:37 pm ] |
| Post subject: | Misguided policies aggravating euro area problems |
Cyprus borrowed heavily with low-cost bond issues to finance their excessive current expenditures Economic and financial crises in the euro area are fast developing. With supply-side problems most strikingly reflected in an acute energy crisis, wholesale and retail prices are soaring and production is stagnating or being contracted. Furthermore, the sharp deterioration in the external terms of trade of euro area members is reducing real incomes and threatening a balance of payments crisis. While supply-side difficulties have resulted to a large extent from actions to contain the pandemic and the effects of the Russian-Ukraine war and related sanctions, supply problems have been seriously aggravated by past and ongoing policies of the European Central Banks (ECB) and the fiscal actions of euro area governments. Full story here:- https://cyprus-mail.com/2022/09/04/misguided-policies-aggravating-euro-area-problems/ |
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| Author: | tanny [ Mon Sep 05, 2022 7:13 am ] |
| Post subject: | Re: Misguided policies aggravating euro area problems |
So in a nutshell the EU that so many people strive to remain in has fecked up royally, nobody will be held responsible but millions of old and poor people will be left to dies over the winter. Time to leave the EU be once again politically independent and trade at our own peril and rewards. When will people wake up to the scam that is the EU |
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