The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris discuss how Germany’s Constitutional Court upheld several complaints against the European Central Bank’s purchase of government bonds under a program started in 2015 and meant to boost EU economies and hold inflation to just below 2%. The ruling by Germany’s supreme court was the result of years of debate over the role of the eurozone’s central bank.
The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris discuss the EU recovery plan which is preparing to create a trillion euro escape route from the Covid-19 pandemic.
The leaders of the 27 EU nations already agreed to a €540 billion rescue package. Italy and Spain, which stand second and third in Covid-19 cases and deaths, have the right to borrow from the bailout mechanism, but are reluctant to do so in fear that taking on more EU debt would bury southern Europe in never ending austerity programs.
The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris discuss German Chancellor Angela Merkel’s resurgence within the EU to once again dictate the financial policy amidst the Covid-19 economic lockdown and meltdown.
Merkel getting her way with an ESM rescue scheme may end up driving Italy out of the Eurozone, as the south European country is on the verge of a collapse, not capable of taking in more loans with austerity strings attached.
The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris discuss the backlash in Italy over the recent Eurozone Covid-19 rescue deal that will plunge Italy back into EU austerity, saddled with unsustainable debt levels.
The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris discuss how the pandemic crisis that is set to break apart the European Union. Spain’s Prime Minister, Pedro Sánchez recently stated that the ‘EU either responds with unwavering solidarity or our the union fails.’
In a recent article for RussiaFeed I discussed the possible additional sectoral sanctions against Russia which were being discussed in the US, and I said that none of them would do significant long term harm to Russia, but all of them risked doing real harm to the US.
