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> E.g. in 2020 they quickly pushed for joint EU bonds to inject money into the eastern countries (and Italy and Spain) Basically to subsidise buying german pro
by burneracct33 5y ago
> E.g. in 2020 they quickly pushed for joint EU bonds to inject money into the eastern countries (and Italy and Spain)
Basically to subsidise buying german products. While Italy and Spain have a debt issue, east eu has an entry barrier issue, always playing catchup with expensive eu regulation. Take nuclear. We know what country pushes for an eu wide ban and thats a basic example of what east eu needs to lower costs.
The only “benefit” of german imposed economic policies is that they sunk south europe to a stage where if east europe is smart it can overtake it economically. But you know made in east eu is low quality yet made in china is fine, so say the germans.