EU – in the same leaky boat as everyone else

The economic doomsayers are murmuring warnings about the EU returning to quantitative tightening as German hawks regain control of policy. Financial arrangements will no longer be tilted in favour of southern Europe’s high-debt states just as they are struggling to cover their energy bail-outs. A one-size-fits-all monetary policy could, as in 2008, significantly worsen the coming global recession/crunch as well as widen fracture lines within the EU.  The EU chart, 31 December 1957 11p