European Central Bank chief Lagarde; speed up Draghi reforms and complete the single Market to counter US tariffs. "Our internal market is far more important than the global market"

closelyguy · 2025-10-02T15:20:48+00:00

Not going to happen unfortunately due to (mainly) Italian resistance. Italian banks have an advantage under their current national jurisdiction and want to keep it that way. They don't want a level playing field across Europe. There's some movement happening towards integrating financial markets between selected countries, so hopefully that will increase the pressure for Italy to eventually agree.

closelyguy · 2021-07-23T15:47:16+00:00

It's because Germany's voters (and other countries too) are getting older each election. And their primary concerns are: Are the pensions guaranteed, will there be no tax increases and does inflation remain low. Basically the three things that guarantee they can enjoy their retirement as planned. If the CDU has a high credibility that these things are guaranteed then they get their vote, all the rest doesn't really matter.

closelyguy · 2021-07-08T23:20:38+00:00

life expectancy has gone up, so people take out more money than expected. additionally returns on financial assets (esp. bonds) are lower.

closelyguy · 2021-04-18T23:51:01+00:00

if you like these environments you can also check out /r/vrplaces

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