Bill Mitchell — Bundesbank remits record profits to German government while Greek health system fails

Summary:
I will write a detailed account of my view on how to deal with the coronavirus from an Modern Monetary Theory (MMT) perspective next week. But today I want to highlight something that just ‘goes through to the keeper’ (cricket reference meaning no-one pays attention to it) but is significant in understanding what is wrong with the Eurozone. I refer to information that is contained in the latest – Annual Report 2019 – released last week by the Deutsche Bundesbank. If you juxtapose that with another report on the Greek health system you get a fairly clear view on what is wrong with the whole EU set up.... Bill Mitchell – billy blogBundesbank remits record profits to German government while Greek health system failsBill Mitchell | Professor in Economics and Director of the Centre of Full

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Mike Norman considers the following as important: EZ, Germany, Greece, MMT

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