Comment by AureliusMA
4 hours ago
Europe has no budget of their own like the USA and China do, because there is no debt nor taxation at the European level. That’s the reason for the complication you are noticing.
4 hours ago
Europe has no budget of their own like the USA and China do, because there is no debt nor taxation at the European level. That’s the reason for the complication you are noticing.
They're pushing hard to do Euro bonds precisely for things like this.