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chandna rani
Apr 04, 2022
In Welcome to the Arts Forum
But the Netherlands and Germany (with debts of around 60% of GDP , compared to 97% for Spain or 134% for Italy) are flatly refusing. The result is a euat two speeds: an alliance of a creditor North based on fiscal discipline and an alliance of a South (with a surprising Spanish leadership), generally a debtor, that defends greater fiscal integration. Although the covid-19 crisis mobile phone number list is not a repeat of the 2010 debt crisis (in which creditors admonished wasteful and morally lax debtor countries), the Netherlands and Germany initially interpreted it as if there were guilty parties mobile phone number list and innocent. This time, however, it cannot be said that the fault that Italy or Spain are suffering more than anyone else lies in their high deficits or in not following the "path of fiscal mobile phone number list discipline". After the refusal of the North, Spain proposed the creation of a fund of 1.5 billion euros financed with perpetual debt, which would be distributed as transfers and not as debt (only the interest would have to be paid, not the total amount), a solution intermediate between eurobonds mobile phone number list and the lukewarm initial response of the eurozone, which approved through the European Stability Mechanism ( ESM ), the Union's bailout fund, conventional lines of credit. Heterodox responses The coronavirus crisis is not a repeat of the Great Recession, and not just because of its magnitude. States are reacting faster mobile phone number list and, above all, more imaginatively. Many of the measures it is taking are punctual, but others have been proposed for years as a solution to certain structural problems of capitalism, and it is possible that they will reappear or even remain after the crisis.
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chandna rani
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