Newsroom
EU can’t muddle through another monetary crisis
In early September, I warned that France’s politics could ignite Europe’s financial powder keg.
In early September, I warned that France’s politics could ignite Europe’s financial powder keg.
Presentation at The Point 2018, the Payments NZ conference, on Target 2 and the euro crisis.
Some problems are too complicated to cause the fear they deserve – like Target 2, Europe’s trillion euro time bomb.
What Europe is still discussing and Germany is vehemently resisting – the transformation into a fiscal liability union – has long been achieved through the Target backdoor.
© Dr Oliver Hartwich