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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!
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What a mistake!!! The EU needs dismantling in the first place or at least some radical decentralization. Perhaps a different form, such as a federation or.a confederation would be better than a unitary state. Too many languages, too many nations (in the old sense) and too many of THEM running things now. The Germans are fools for accepting the responsibility for all of Europe! Atlas should and will shrug this kaka off. On top of all that, I think it is only the motherWEFers and other top totalitarians who are pushing this. The populists will take over soon enough.
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They are just going to mash all the debt together? What kind of semse is that? Of course the french would want that when they are swimming in debt.
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Make debt and let the germans pay. That's the plan. Sadly they shot their economy towards green Walhalla before they could even start milking the cow
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57 sats \ 3 replies \ @Lux 11 Nov
the plan is euro cbdc
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20 sats \ 1 reply \ @TomK OP 11 Nov
It's inevitable from a design pov
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Germany should have never sold their btc.
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They were a little too late. They should have thought of this plan before pushing germany to be green. At least france has nuclear power.
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Wow! 😧 It's not good news... one of several mistakes that has led to the current economic situation in the EU is precisely the idea of ​​accumulating power and decisions in a centralized way!! And now the deplorable president of France is pointing out that taking away 10% in cash from private capital would be the cherry 🍒 on the cake... the storm is about to begin.
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