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Showing posts from May 24, 2020

THE EUROPEAN UNION (EU) RECOVERY FUNDS

Well, Germany & France proposed 500 billion Euro to contain the economic damage and kick-start the EU economic recovery. Indeed, it's the EU economic downturn that needs a economic policy response. I observed some of the member states had economic growth for the past 10 years but their states politicians refused to control their spending and continued to have deficits. The EU should provide financing the member states that are responsible with their spending. Otherwise it would be a grave mistake from the EU and the EU will come to the rescue. I want the European Commission President  Hon. Ursula von der Leyen should tighter the member states integration and press for greater fiscal responsibility across the 27 member states along with structural reforms so that the EU will kick-start the economic recovery. Otherwise the EU will miss the pragmatic approach. Remember. Mr. Bruno said on BBC Hard Talk couple of days back that debt to GDP at 115 percent in 2021. We have to redu