134
Europe has run out of money according to the French finance minister and might need to start using people's savings
(twitter.com)
The brokest hoes be the loudest 
this post was submitted on 25 Feb 2024
134 points (100.0% liked)
news
23527 readers
782 users here now
Welcome to c/news! Please read the Hexbear Code of Conduct and remember... we're all comrades here.
Rules:
-- PLEASE KEEP POST TITLES INFORMATIVE --
-- Overly editorialized titles, particularly if they link to opinion pieces, may get your post removed. --
-- All posts must include a link to their source. Screenshots are fine IF you include the link in the post body. --
-- If you are citing a twitter post as news please include not just the twitter.com in your links but also nitter.net (or another Nitter instance). There is also a Firefox extension that can redirect Twitter links to a Nitter instance: https://addons.mozilla.org/en-US/firefox/addon/libredirect/ or archive them as you would any other reactionary source using e.g. https://archive.today . Twitter screenshots still need to be sourced or they will be removed --
-- Mass tagging comm moderators across multiple posts like a broken markov chain bot will result in a comm ban--
-- Repeated consecutive posting of reactionary sources, fake news, misleading / outdated news, false alarms over ghoul deaths, and/or shitposts will result in a comm ban.--
-- Neglecting to use content warnings or NSFW when dealing with disturbing content will be removed until in compliance. Users who are consecutively reported due to failing to use content warnings or NSFW tags when commenting on or posting disturbing content will result in the user being banned. --
-- Using April 1st as an excuse to post fake headlines, like the resurrection of Kissinger while he is still fortunately dead, will result in the poster being thrown in the gamer gulag and be sentenced to play and beat trashy mobile games like 'Raid: Shadow Legends' in order to be rehabilitated back into general society. --
founded 4 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
The EU countries under eurozone has no currency sovereignty because money creation is subjugated to the European Central Bank but every member state has their own separate fiscal policies, and the ECB has no mechanism to absorb the imbalances between different member states.
It will go down in history as one of the stupidest ideas humankind has ever implemented in practice.
But in reality it’s not so “stupid” because neoliberal bankers in the rich countries like France and Germany made a lot of profit out of it, and will use this “running out of money” excuse to impose austerity and extract even more wealth and funnel them to the very top 0.1%.
wait fr? they can't just coordinate printing more money? what a bunch of jokers lmao
The Euro was designed by the US to fuck over Europe, and the European private banks went along with it because it put them in virtually completely control.
The Eurozone was designed to foreclose on Keynesian economics and ensure neoliberalism.
yo any reading or resources you could help me out with on this?
I’ve read & heard it from Michael Hudson, Yanis Varoufakis, and Radhika Desai. Maybe the first time I heard the history of it was in an early episode of Geopolitical Economy Hour.
But he specifically said Europe is running out of money. If he means France is running out of money, that's a different problem because it's like you said. It's actually quite similar to how the US has currency sovereignty but individual US states have to have balanced budgets.
Europe really should be ruled by Moscow as a colony. No money printing, no voting, just give it to them! THEY WANT IT! I WANT IT!
Can Florida also be run this way
Within 50 years Florida will be more or less annexed by Atlantis
Putin would still be a better leader of Florida than Desantis, so