EU propaganda reaches new heights

Dear all,

Paschal Donohoe, the Irish finance minister and president of the Eurogroup, has written a preposterous article in the Financial Times claiming that the budgetary response of the EU and US to the pandemic has been more or less similar. In this article I debunk such claims, showing that the fiscal responses of the EU and US are not even remotely comparable. The truth is that throughout the pandemic the UE/euro area has proven once again to be utterly dysfunctional, in macroeconomic as well as in organisational terms (as testified by the vaccine mess). 

Best regards,

Thomas Fazi 

Website: thomasfazi.net
Twitter: @battleforeurope
Facebook: https://www.facebook.com/thomasfazi
Latest book: Reclaiming the State: A Progressive Vision of Sovereignty for a Post-Neoliberal World (co-authored with Bill Mitchell)