The EU Retreats Further into a World of Self-Delusion  | naked capitalism
www.nakedcapitalism.com
Mario Draghi calls for Europe, decimated by self-inflicted energy crisis and social austerity, to go on borrowing spree to pay for endless fight against Russia.
  • Sodium_nitride
    101·
    21 hours ago

    Honestly, I haven’t read the proposal in that much detail, but yeah, I am skeptical of the idea that the EU will take on joint debt to re-industrialise or invest in green energy.

    One of the benefits of project was Ukraine (for ameeica) was thar it would criple Europe as a possible competitor to America. I don’t think the Americans, nor Euro aristocrats (who keep desperately trying to raise the profit rate through austerity) will want this.

    • 小莱卡English
      8·
      21 hours ago

      It’s a lib website but i think that one was a typo.

    • ☆ Yσɠƚԋσʂ ☆OP
      81·
      1 day ago

      It’s saying that the centre is being squeezed on both the left and the right given an example of AfD. From the left, BSW took a big chunk of vote.

      • Soviet EntropyEnglish
        4·
        1 day ago

        That is not what it says.

        The insurgent party on the left and right, the Alternative for Germany (17-19 percent) is anti-EU and would never support joint borrowing.