每日更新 - 德国及欧元区的民粹主义 The Daily Update - Populism in Germany and the Eurozone



当一个国家拥有财政空间安抚工人阶级短期的财政压力,消除人们对工作和政府服务不足的担忧时,这样的不满和担忧更容易消除。而如果超出某一程度,净外债国家很可能一直恶化问题,从而面临金融,财政和政治恶化问题; 借贷利率迅速增加,公共支出蒸发。与此同时,在这种经济动荡进行期间,如果一个新兴激进的政党掌权,其结果无疑失败。这一说明仅仅是我们为什么强烈支持投资对外净债权国的间接原因,因为其本身不太可能面临不断增长的赤字(即使私人发行者易受赋税增加影响)。德国当然是一个净债权国,但背负着更多欧元区经济负担-目前舆论比实际的财政义务更多。但公众正发表自己的意见表达不满只会让欧元区财政统一更难,而德国政府将不得不考虑在明年的选举中支持率下降。


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