@HannoLustig The magic of soft budget constraints: With low rates, fiscal space goes up, with high rates fiscal stimulus needed. Result: more deficit is always better. Until it all comes painfully crashing down.
🐦🔗: https://nitter.eu/lugaricano/status/1576931239919255552
A Mastodon forum for the discussion of European Union matters. Not run by the EU. Powered by PleromaBot, Nitter and PrivacyDev.net.