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The Penninsula (Qatar) — Fiscal policy to the rescue in the Eurozone

Summary:
Over the past few years, the economic literature and prominent scholars have paved the way for expansionist fiscal policy. In the US, Modern Monetary Theory proposes to finance a Green New Deal and full employment by increasing the deficit and using the central bank to pay off debt by printing more money. MMT is attracting more and more attention in Europe, including among populist parties, but also beyond, and will certainly be part of the conversation in upcoming elections. Investment to finance clean energy transition is gaining strong support among European citizens, as shown by the victory of Green parties in the latest EU parliamentary elections.... The Penninsula (Qatar)Fiscal policy to the rescue in the Eurozone

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Over the past few years, the economic literature and prominent scholars have paved the way for expansionist fiscal policy. In the US, Modern Monetary Theory proposes to finance a Green New Deal and full employment by increasing the deficit and using the central bank to pay off debt by printing more money. MMT is attracting more and more attention in Europe, including among populist parties, but also beyond, and will certainly be part of the conversation in upcoming elections.
Investment to finance clean energy transition is gaining strong support among European citizens, as shown by the victory of Green parties in the latest EU parliamentary elections....
The Penninsula (Qatar)
Fiscal policy to the rescue in the Eurozone

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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