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Out of the Box #25: Europe. From Technical recession to an real one?

Out of the box #2: Back to austerity. Euro sovereign crisis vol 2?

The hardships brought about by Covid and the Ukraine war initially fostered political unity across Europe. In this article however, I will argue that fragmentation may soon regain prominence as liquidity diminishes, labor markets weaken, and governments face the need to implement tighter fiscal policies. These circumstances create a fertile ground for the resurgence of the zero-sum debtor/creditor conflict that characterized the 2010s.

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