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submitted 9 months ago by GlueBear@hexbear.net to c/news@hexbear.net

The brokest hoes be the loudest gangster-spongebob

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[-] FuckyWucky@hexbear.net 17 points 9 months ago* (last edited 9 months ago)

bullshit, the Germans don't want to print money.

[-] GlueBear@hexbear.net 11 points 9 months ago

I don't think they'll be printing money so much as raising taxes

[-] FuckyWucky@hexbear.net 14 points 9 months ago* (last edited 9 months ago)

Yea what I meant is that the Germans have a disproportionate amount of control over the ECB (much like how the U.S. has almost complete control over NATO). The ECB could tell members to raise taxes (on the rich else its just austerity in a different way), issue bonds (which will increase deficit which the neolibs consider to be 'bad') or 'print' Euros by itself (not really necessary).

[-] GlueBear@hexbear.net 4 points 9 months ago

Again I don't think they'll have much of a choice, as of now (and as time progresses) their situation is becoming worse.

They'll have to bend

this post was submitted on 25 Feb 2024
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