Euro zone nations need to run fiscal deficits to help reflate the economy in the aftermath of ECB policy failure, writes David Brown. Photo: AFP
Euro zone nations need to run fiscal deficits to help reflate the economy in the aftermath of ECB policy failure, writes David Brown. Photo: AFP
David Brown
Opinion

Opinion

Macroscope by David Brown

Euro zone nations need fiscal steroids, not budgetary restraint

More deficit spending is needed to help achieve the necessary reflation in light of weak and falling inflation

David Brown
David Brown

Updated: 10:33pm, 19 Mar, 2018

Why you can trust SCMP
Euro zone nations need to run fiscal deficits to help reflate the economy in the aftermath of ECB policy failure, writes David Brown. Photo: AFP
Euro zone nations need to run fiscal deficits to help reflate the economy in the aftermath of ECB policy failure, writes David Brown. Photo: AFP
READ FULL ARTICLE