Tag Archives: Eurozone

The Covid-19 pandemic has been dominating the global news for months now. Almost half of the world’s population is under social or economic corona lockdown. People are afraid. In the background, an unprecedented global crisis that could lead to a dramatic international systematic transition from a Pax Americana to a …

International Monetary Fund (IMF) chief Christine Lagarde said Monday that Eurozone countries should set up a “rainy day fund” that could cushion members when they hit economic hard times. “For a relatively modest cost … a central fiscal capacity could reduce the negative effects on output by more than 50 …