The push for a common debt capacity is gaining momentum with European Central Bank President Lagarde and most EU states in favor. The big elephant in the room remains Germany, although Merz is facing increasing domestic pressure in favor of joint debt. The German Bundesbank President and some prominent CDU-affiliated individuals have joined the call. There are two ways Germany can respond to this fundamentally pragmatic and necessary idea 1) embrace it now in an orderly and negotiated way, 2) reject it now then grab for it in a panic during the next major European crisis.
oywiththepoodles96 on
You are telling me that after Greece going through the harshest fiscal readjustment a western country has ever gone through , we are doing the common debt thing ? Are you kidding me ?? Btw , Greek PMs especially Papandreou has been suggesting it since 2010 .
Macquarrie1999 on
If France’s in debt, why should Germany bear it?
Uh, our debts are paid, I’m afraid
Don’t tax the North ’cause we got it made in the shade
In Germany, we plant seeds in the ground
We create, you just wanna move our money around
This financial plan is an outrageous demand
And it’s too many damn pages for any man to understand
Stand with me in the land of the free and pray to God we never see Macron’s candidacy
No_Reaction7092 on
Common debt is how states are created. See the Hamilton moment in the US and Zollverein in Germany.
4 Comments
The push for a common debt capacity is gaining momentum with European Central Bank President Lagarde and most EU states in favor. The big elephant in the room remains Germany, although Merz is facing increasing domestic pressure in favor of joint debt. The German Bundesbank President and some prominent CDU-affiliated individuals have joined the call. There are two ways Germany can respond to this fundamentally pragmatic and necessary idea 1) embrace it now in an orderly and negotiated way, 2) reject it now then grab for it in a panic during the next major European crisis.
You are telling me that after Greece going through the harshest fiscal readjustment a western country has ever gone through , we are doing the common debt thing ? Are you kidding me ?? Btw , Greek PMs especially Papandreou has been suggesting it since 2010 .
If France’s in debt, why should Germany bear it?
Uh, our debts are paid, I’m afraid
Don’t tax the North ’cause we got it made in the shade
In Germany, we plant seeds in the ground
We create, you just wanna move our money around
This financial plan is an outrageous demand
And it’s too many damn pages for any man to understand
Stand with me in the land of the free and pray to God we never see Macron’s candidacy
Common debt is how states are created. See the Hamilton moment in the US and Zollverein in Germany.