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Following the twin crises of sovereign debt and COVID-19, the ECB risks being stuck in a situation of fiscal dominance, in which monetary policy is subordinated to the needs of finance ministers. A strong post-COVID-19 recovery may increase inflationary pressures, requiring a shift towards a...
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Over the last two decades, income disparities between EU member states tended to decline, particularly before the … financial crisis. While Central and Eastern Europe caught up with the EU average, Southern Europe fell behind after 2009. Catch …
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