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davel OP ,
@davel@lemmy.ml avatar

Europe is not as united, and the eurozone is structurally designed to lock in neoliberalism and preclude a return to Keynesianism.
Naked Capitalism, Sept. 2022: Michael Hudson on The Euro Without Germany

And the eurozone’s own economic rules limit its budget deficits to just 3% of GDP. This prevents its national governments supporting the economic by deficit spending.

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