Oddbean

EU Shifts Towards Total Integration It was only a few weeks ago that the former president of the European Communist Bank, the ECB, Mario Draghi, caused a stir with an immense working paper: it was about opening up new sources of finance in order to revive the recessionary European economy. Now the debate is reviving, in addition to Mario Draghi, French President Emmanuel Macron jumped into the ring, both are calling for more integration, more central government, more Brussels, in other words: much more of what has made the European continent sick. Draghi, mister 'whatever it takes' is now demanding nothing less than the joint financing of European national debt, which was previously excluded by law. It is about the complete integration of European banks, joint liability and, above all, about one thing: the movement of private capital into channels that the central planners prefer. This is an attack on the principle of private property, the likes of which we have never seen before in Europe. Whoever still has the opportunity in Europe should now start acquiring KYC free Bitcoin and secure the future of their finances. It will be very, very difficult in the future, as the European Union is heading for a financial debacle! A side note: exactly one month ago, the incoming Chancellor of Germany, Friedrich Merz of the CDU, proposed to raise at least 10% of the private cash capital to capitalize on a statefond, which is then to invest this capital levered in infrastructure projects of the state. It's unbelievable! https://jacobin.com/2024/11/mario-draghi-eu-industrial-policy #eu #europeanunion #draghi #ecb #euro #bitcoin #freemarket #mises