At 1%/year reduction we should reach the 60% goal in +- 40 years.

11 comments
  1. Never going to work, capitalism doesn’t allow such a thing to happen.

    Capitalism means: squeezing from the weakest to give to the strongest. That’s how that system works. And squeeze more every single year, than the year before.

    By their own definition, they will run into the wall of finite resources and finite planning, making this impossible.

    Who benefits from this?

  2. A certain level of debt is acceptable for countries, but I think we have far surpassed that and are at a level where there is also an undemocratic aspect to it. This level of debt breaks the “no taxation without representation” principle to me, because the government is deciding that a future generation will have to pay for current expenses, a generation that currently can’t vote and is not represented. This should be unlawful.

  3. If the Germans are stupid enough to push through this proposal it will mean the end of the Union. These neoliberals are just as fanatical as the communists… .

  4. I was waiting for this. Really hope this comes true. Next step for Germany is joining the yuan instead of the usd. Then the fall is the EU and the agressive nato.

  5. Right after we implement binding CO2 emission targets for all EU countries, unified taxation and minimum wages, a unified pension age and unified traffic law.

  6. It makes sense, for them. They want deflationary politics in the whole eurozone, to serve German interests. Since they want to be this big exporter. And their main recipient of export is within the eurozone. So they get euro’s for their exports, mainly. They don’t want inflationary euro’s.

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