Oddbean new post about login | logout Draghi is demanding €800 billion in new EU stimulis, for AI, E-autos, and defense. Christian Lindner refuses to agree to additional euro debt. (Article in German behind a paywall, sorry.) https://www.welt.de/wirtschaft/plus253428884/Draghi-fordert-den-grossen-Tabu-Bruch-um-Europas-Wirtschaft-zu-retten.html
Only €800 Billion? 🤣 funny money!!!! There isn't enough tax in the entire EU to get even close to this and still maintain national needs such as housing, build them streets nobody else is gonna build, social security etc etc etc.
Brrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr XXL Got your Bitcoin yet? nostr:nevent1qvzqqqqqqypzphtxf40yq9jr82xdd8cqtts5szqyx5tcndvaukhsvfmduetr85ceqqsrudjgj5sslhjcv2xvwj99lj5ly85ccfltzrm46fdlx8rd3gh3tmg4es2n6
can you screenshot this for those paywalled?
Here is something similar in English. https://www.politico.eu/article/mario-draghi-report-says-eu-must-spend-twice-as-much-after-wwii/
There is money printing, don’t you worry. Yay more inflation. Main takeaway from their press conference: we really do too much regulations. Imagine that, instead of harmonizing rules and making it easier to do EU business it is more complicated.
it is kind of ironic that they want a stimulus for "AI", while with the other hand they're legislating it into the ground
Do you have the full article?
