EuropeEnglish · 3 days ago

Structural drivers of eurozone underperformance

www.brookings.edu

Structural drivers of eurozone underperformance

www.brookings.edu

🃏Joker@sh.itjust.works to

EuropeEnglish · 3 days ago

Just a moment...

www.brookings.edu

The U.S. outgrows the eurozone after every adverse shock. It was this way after 2008 and it is happening again post-COVID.

The underlying reason is a structural deficiency: absence of fiscal union. Fiscal union will require hard compromises on debt and fiscal transfers.

Without such compromises, the eurozone is heading for Japanification, where high debt is sustainable only thanks to central bank yield caps.

Chat

CAVOK@lemmy.world
link
fedilink
English
arrow-up
2·
2 days ago
Interesting article. I don’t know enough to judge it, but the comments helps a bit. If you have more articles like this, please post them.

You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !europe@feddit.org

News and information from Europe 🇪🇺

(Current banner: La Mancha, Spain. Feel free to post submissions for banner images.)

Rules (2024-08-30)

This is an English-language community. Comments should be in English. Posts can link to non-English news sources when providing a full-text translation in the post description. Automated translations are fine, as long as they don’t overly distort the content.
No links to misinformation or commercial advertising. When you post outdated/historic articles, add the year of publication to the post title. Infographics must include a source and a year of creation; if possible, also provide a link to the source.
Be kind to each other, and argue in good faith. Don’t post direct insults nor disrespectful and condescending comments. Don’t troll nor incite hatred. Don’t look for novel argumentation strategies at Wikipedia’s List of fallacies.
No bigotry, sexism, racism, antisemitism, dehumanization of minorities, or glorification of National Socialism.
Be the signal, not the noise: Strive to post insightful comments. Add “/s” when you’re being sarcastic (and don’t use it to break rule no. 3).
If you link to paywalled information, please provide also a link to a freely available archived version. Alternatively, try to find a different source.
Light-hearted content, memes, and posts about your European everyday belong in !yurop@lemm.ee. (They’re cool, you should subscribe there too!)
Don’t evade bans. If we notice ban evasion, that will result in a permanent ban for all the accounts we can associate with you.
No posts linking to speculative reporting about ongoing events with unclear backgrounds. Please wait at least 12 hours. (E.g., do not post breathless reporting on an ongoing terror attack.)

(This list may get expanded when necessary.)

We will use some leeway to decide whether to remove a comment.

If need be, there are also bans: 3 days for lighter offenses, 14 days for bigger offenses, and permanent bans for people who don’t show any willingness to participate productively. If we think the ban reason is obvious, we may not specifically write to you.

If you want to protest a removal or ban, feel free to write privately to the mods: @federalreverse@feddit.org, @poVoq@slrpnk.net, or @anzo@programming.dev.

Visibility: Public

This community can be federated to other instances and be posted/commented in by their users.

327 users / day
1.56K users / week
3.26K users / month
9.12K users / 6 months
418 local subscribers
1.67K subscribers
1.33K Posts
8.74K Comments
Modlog