Yeah but ECB creates incentives for ballooning current expenditure.
At least in Spain, the government chooses helicoptering money over investment every single time. Or prestige projects (High Speed Rail) over practical ones (freight corridors with no so fast trains for people?), higher salaries for public employees (already high compared to private economy), public pensions, etc.
The only demands seems to be higher taxes every year for everyone else. No optimization, just raising and raising taxes every time.
This is not sustainable. Savings and income are taking a nosedive for everyone who's not sucking into the public budget.
This situation is going to explode, and it's going to be ugly, not only for us.
I'm pretty worried about it, honestly. Meanwhile half the country is cheering because the government is very good at selling their narratives and cooking the stats. The reality is we're getting poorer pretty fast.
Maybe germans have some fucking great plan because in 10 years they won't sell many cars here.
At least in Spain, the government chooses helicoptering money over investment every single time. Or prestige projects (High Speed Rail) over practical ones (freight corridors with no so fast trains for people?), higher salaries for public employees (already high compared to private economy), public pensions, etc.
The only demands seems to be higher taxes every year for everyone else. No optimization, just raising and raising taxes every time.
This is not sustainable. Savings and income are taking a nosedive for everyone who's not sucking into the public budget.
This situation is going to explode, and it's going to be ugly, not only for us.
I'm pretty worried about it, honestly. Meanwhile half the country is cheering because the government is very good at selling their narratives and cooking the stats. The reality is we're getting poorer pretty fast.
Maybe germans have some fucking great plan because in 10 years they won't sell many cars here.