A Red Flag for the EU Economy!
It is time for Europe’s lawmakers to act to save their economy from a long, cold, tough winter.
It is time for Europe’s lawmakers to act to save their economy from a long, cold, tough winter.
The twin villains of high inflation and high unemployment have not left Europe. They are just taking a nap under a pile of moderately optimistic economic data.
The overall trend in the European economy points in the wrong direction. Therefore, it is a very bad idea to raise any taxes in the EU. It does not matter that the taxes the EU has proposed will fail to generate the revenue that the MEP tax grabbers are hoping for.
New data suggests an elevated risk for stagflation in Europe. Policymakers beware!
In three simple steps, Europe’s lawmakers can save the continent from stagflation and economic misery.
Either we live with high-interest rates today, or we put our very prosperity in stagflation-driven jeopardy.
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