Title : Is The Next Major Debt Crisis Starting In Europe?
link : Is The Next Major Debt Crisis Starting In Europe?
Is The Next Major Debt Crisis Starting In Europe?
Desmond Lachman, The Hill: Is Europe headed toward another debt crisis?
In 2010, the Eurozone experienced a sovereign debt crisis that shook the world economy.
Today, in the wake of the COVID-19 pandemic, it appears that the Eurozone could be well on the way to another such debt crisis.
It is not only that the public finances of several key countries in the Eurozone periphery are considerably worse than they were on the eve of the 2010 sovereign debt crisis.
It is also that inflation has risen to a level that will make it difficult for the European Central Bank (ECB) to continue to keep the Eurozone periphery governments afloat by a continuation of bond purchases on the massive scale that it has been doing to date.
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WNU Editor: The Covid-19 pandemic has brought on a lot of debt for individuals, businesses, and governments. in Europe, a lot of eyes are on Germany and what is happening there .... Germay's Inflation Dilemma Could Reignite Europe's Debt Crisis (Bloomberg).
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