Macro Strategy Views podcast: Fiscal dominance, monetary financing and the next euro crisis
In our weekly Macro Strategy Views podcast, we discuss risk sharing and fiscal dominance in the eurozone, monetary financing and the next euro crisis.
The lack of risk sharing in the EU and the explosion in government debt require monetary financing. The COVID-19 crisis is a real world experiment of MMT in the eurozone and elsewhere. We outline what we expect from EU institutions and the ECB.
Global Head of FI&C Research Thomas Harr chairs today's podcast and he is joined by Chief Analyst Piet Christiansen and Senior Analyst Aila Mihr.