The EU has started disciplinary proceedings against seven member states, including France and Italy, over their accumulation of debt. Brussels had suspended debt regulations to help countries cope with COVID-19.
austerity measure after austerity measure and somehow made our budgetal deficit worse
Not surprising.
Reducing government spending means reducing the money that is in economic circulation.
Companies earn less, people earn less and ultimately taxes go down.
Not surprising.
Reducing government spending means reducing the money that is in economic circulation.
Companies earn less, people earn less and ultimately taxes go down.