German playbook is well-known, and in these exceptional circumstances, utterly useless: a bit of public money to mobilise private finance.
That's what the massive 'trillion' will look like, a miserable derisking bet.
That's what the massive 'trillion' will look like, a miserable derisking bet.
with a detailed account of the very European con that 'mobilising private finance' is
but I guess as long as you get the 'trillion' FT headline, who cares about the details, or the macroeconomics of this so very European empty promise.
hear hear @Shahinvallee
And the pushback
