They call an up to 3% annual budget deficit "fiscal responsibility" and most of the members can't even meet that goal. The ponzi can't just keep running forever. What's worse, the proposed solution the failing European project is... You guessed right, more Europe!
Discussion
Ahah, exactly. If was inside this institution I would now be rallying everyone to buy Bitcoin. That's pretty much the only thing that could save this ship, in my view.
But I think this is all pretty inevitable. People like nostr:npub1scljc42jwm576uufxwcwlmntqggy9utwz55a6a2hqjy9hpl7uxps4pzprv know very well the state of the Euro and Germany also, and have been signalling stuff like this for months if not years now.
I remember a time in 2011 when Fiscal Responsibility was really important for the Central/Northern countries. I'm from Portugal and I remember a lot of debates where economists from the center/north Europe would say southern countries need more fiscal responsibility, etc. And I was like heck yeah, please help us, bring it on, etc.
Then Covid happens and I'm like what the actual. Where have all these people gone?
This is all the Covid collapse. Nobody wanted to be the bad guy and say that it was insanity. Now everything is screwed.
Clap clap. Bravo.
We should just buy more Bitcoin European friends! :)
Bravo!