Adding long needed aggregate demand to Euroland
In: Blog
17 Mar 2012By Andrea Terzi
Europe should hold another summit where all 17 euro nations agree on a general tax cut. This could be a VAT cut across the board, or an income tax cut, but it is imperative it is a progressive tax cut, i.e., boosting disposable income of low and middle income recipients.
At the same summit, Euroland governments will further announce that
- The “lost revenue” will be collected through Eurobonds
- Eurobonds will be guaranteed by the EFSF, backed by the ECB
- The same summit should announce that more issues of Eurobonds will follow to “fund” an ambitious plan for upgrading the European communication, transportation and digital infrastructure.
Comment Form
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4 Responses to Adding long needed aggregate demand to Euroland
CHI SALVERÀ L’EUROPA DALL’EURO? | economia alternativa
March 30th, 2012 at 10:31
[...] strada meno soggetta a veti politici potrebbe essere questa. L’Europa dovrebbe tenere un summit nel corso del quale i 17 paesi dell’euro concordano un [...]
Euro? danno o risorsa ?? | L'Eco di Vanzaghello
April 2nd, 2012 at 17:36
[...] strada meno soggetta a veti politici potrebbe essere questa. L’Europa dovrebbe tenere un summit nel corso del quale i 17 paesi dell’euro concordano un [...]
Anonymous
May 22nd, 2012 at 11:48
[...] [...]
A narrow path ahead for Europe: And it’s France and Germany, again | Mecpoc
March 11th, 2013 at 12:14
[...] PS: For a proposal on how to end the recession in Euroland go here. [...]