AFMC - ECB Tells E.U. To Control Their Budgets
2024-06-20 21:39:20 ET
Summary
- The European Central Bank has informed the governments of the European Union to get their budgets under control.
- The ECB believes that the growing debt levels will "eventually" cause pain as the debt will have to be dealt with.
- Debt levels continue to rise in the United States, but neither political party seems to be interested in doing anything about them...the feeling is that the debt is "sustainable."
- The Federal Reserve is relatively silent...there is a presidential election underway and the Fed must avoid positions that could be called "political" in nature.
The Federal Reserve is saying very little about the debt creation of the U.S. federal government....
ECB Tells E.U. To Control Their Budgets