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The Eurozone: An Example of Failed Keynesianism

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The Eurozone: An Example of Failed Keynesianism
The colors of the European Union illuminate the south facade of the European Central Bank headquarters in Frankfurt, Germany, on Dec. 30, 2021. (Reuters/Wolfgang Rattay
Daniel Lacalle
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Commentary

The eurozone economic figures show the risk of stagflation, and the short-term impact is clear in Germany and France, but it also extends to the rest of the countries.

Daniel Lacalle
Daniel Lacalle
Author
Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat”​ (2015), and “Life in the Financial Markets.”
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