Merkel Supports Printing

Merkel Says Germany Backs Draghi’s ECB Aid Conditionality – Bloomberg.

Is this news? Merkel says that Germany supports the ECB’s money printing for austerity swap. Politicians like repeating the same thing over and over again. This is called “sticking to the talking points” or “remaining on message.”

Nothing has changed in Europe. The Europeans are still out of money and muddling through. The politicians know what they have to do, but they do not know how to do it while getting reelected.




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