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Germany, Switzerland, Austria join call for return to budgetary discipline

18 pointsby mennaaliover 1 year ago

5 comments

FirmwareBurnerover 1 year ago
Switzerland is not EU nor Euro member, what do they have to do with it? Why not Italy with its 134% GDP debt?<p><i>&gt;Germany&#x27;s Lindner said it had become habit for the state to always rush to the rescue with borrowed money and that had to stop.</i><p>No shit. Bit late to figure that one out, eh? Hindsight 20&#x2F;20.<p><i>&gt;&quot;Otherwise, Germany will have to raise taxes to finance the interest on the debts of the past. That would strangle the economy,&quot; Lindner said.</i><p>Oh, so first you print free money and dump it into inflating assets making the rich obscenely rich, and now Joe Schmoe will have to be taxed to pay for it?<p>So that&#x27;s how trickle down at works. Privatize the winnings, socialize the losses.
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ProjectArcturisover 1 year ago
The stopped clocks are finally right! For the first time in decades, the macro environment is right for some fiscal discipline.
MrYellowPover 1 year ago
What a massive marketing stunt. There is nothing left to save, it&#x27;s all going downhill already.
ReflectedImageover 1 year ago
Ahh the UK destroy your economy approach. Hint: It&#x27;s a bad idea.
soupbowlover 1 year ago
I wish Canada considered budgetary discipline.