Wall Street's Think Tank: The Council On Foreign Relations
posted by Anon @ 01:19
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Monday, 8 April 2024
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In financial pages like ZeroHedge one reads a different motive for the push for war in Europe by Macron etc
It is the huge debt problem, whilst the EU economy sinks without cheap Russian energy
Interest rates are higher, much public debt is 'rolling over' and needs to be re-financed more expensively
Banks have big problems with commercial real estate as offices are much emptier
Public funds diverted to debt & interest means 'austerity' in public services
Major war is the big 'distraction' to justify privation of citizens
'European Debt Trap Ahead
Fiscal situations of European governments may trigger European sovereign crisis 2.0
Macron may have recognized the need to divert financial markets' attention from the dire state of the French economy by adopting a more aggressive stance among NATO leaders. Historically, wars have often been a catalyst for governments to default on their debt.'
https://www.zerohedge.com/news/2024-04-07/european-debt-trap-ahead
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