European Fiscal Policy: And All Does Not Go Merry as a Marriage Bell
I find myself thinking of Ludger Schuknecht's very powerful and apposite comments about just what, even if you believe--as I do--that there are substantial spillovers for Germany and for the world for Germany to use its fiscal space for expansionary policies right now, it is supposed to use its fiscal space for...
The fiscal space is in Germany. The infrastructure needs are in Sicily.
https://www.evernote.com/l/AAHIKHGuPPlA3r7Ueg1uzA0UhE111SkRnJkB/image.png
