Germany's Fiscal Shift
Germany's historical adherence to ordo liberalism has shaped its cautious approach to fiscal spending, particularly evident during the banking crisis and subsequent reforms. Recent shifts reveal a newfound recognition of the necessity for fiscal policy, especially in light of the COVID shock, suggesting a potential long-term change in mindset. This evolution underscores a collective responsibility within Europe to maintain cohesion amid economic challenges, even if a full fiscal union remains distant.In this clip
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Odd Lots
The ECB’s Former Vice-President Explains The Historic Step That Europe Just Took
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