You know something? This great big bazooka that is to solve all the EU’s problems is pointing the wrong way!<\/p>\n
If it existed at all, it should not be pointing at countries’ economies and blasting them with more and more austerity in order to balance budgets! I mean, for God’s sake, all this stringent austerity is only leading to deeper and deeper recession which in its turn leads to lower and lower tax revenues. I mean so what if you’ve raised VAT to exorbitant rates? If it’s been put up say by 5% and as a result of higher prices demand goes down by say 6%, you’ve lost not gained. Not to mention how much faster demand goes down when wages and unemployment keep spiraling upward. But that is Merkel’s magic recipe for fixing the sovereign debt crisis.<\/p>\n
She is determined that it will work. Sort of like sending people to debtor’s prison and expecting them to be able to raise the money while taking away their ability to work and earn it! I thought that had been abolished quite a time ago. And back to revenue: remember elasticity of demand Frau Merkel? No? Never heard of it? I thought not. As to the multiplier effect… Never heard of that one either.<\/p>\n
So really, the bazooka should be turned the other way. It’s about time someone or something… (ominous that!) blasted all these leading lights who have no idea how the economy works completely out of the water. Since they insist pig headedly on prescribing the same poison that is killing Europe at a faster and faster pace, this is really the only solution left for us!<\/p>\n
Turn the bazooka round! Quick! Before the whole of Europe is blown to smithereens. By…. yet another German? <\/p>\n
You know something? This great big bazooka that is to solve all the EU’s problems is pointing the wrong way! If it existed at all, it should not be pointing at countries’ economies and blasting them with more and more austerity in order to balance budgets! I mean, for God’s sake, all this stringent austerity […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/parina.gr\/blog\/wp-json\/wp\/v2\/posts\/57"}],"collection":[{"href":"http:\/\/parina.gr\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/parina.gr\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/parina.gr\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/parina.gr\/blog\/wp-json\/wp\/v2\/comments?post=57"}],"version-history":[{"count":0,"href":"http:\/\/parina.gr\/blog\/wp-json\/wp\/v2\/posts\/57\/revisions"}],"wp:attachment":[{"href":"http:\/\/parina.gr\/blog\/wp-json\/wp\/v2\/media?parent=57"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/parina.gr\/blog\/wp-json\/wp\/v2\/categories?post=57"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/parina.gr\/blog\/wp-json\/wp\/v2\/tags?post=57"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}