Lol, surprise surprise, no one wants to put skin in the game, but will happily shit on Belgium
KabouterPlop on
Not because they don’t want to, but because they are not legally allowed.
> This practice, called “monetary financing” by economists, is banned in EU treaties because of evidence it results in high inflation and loss of central bank credibility.
>
> The ECB said “such a proposal is not under consideration as it would likely violate EU treaty law prohibiting monetary financing”.
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Lol, surprise surprise, no one wants to put skin in the game, but will happily shit on Belgium
Not because they don’t want to, but because they are not legally allowed.
> This practice, called “monetary financing” by economists, is banned in EU treaties because of evidence it results in high inflation and loss of central bank credibility.
>
> The ECB said “such a proposal is not under consideration as it would likely violate EU treaty law prohibiting monetary financing”.
So they have the same issue as us really.