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It is wrong to return to “normal”. As the recovery strengthens, Europe has begun to discuss how and when monetary and fiscal policies should “return to normal.”Former German Finance Minister and current Bundestag Chairman Wolfgang Schäuble (Wolfgang Schäuble) recently Underline the Financial Times The need to restore fiscal rules as soon as possible. The purpose of his statement was to put pressure on high-indebted countries to reduce their budget deficits and avoid moral hazard similar to the thinking before the pandemic. However, this assumes that the years before Covid-19 were “normal”. They are not. In fact, they are not even good.

John maynard keynesMario draghiLorenzo bini smaghiChristine lagardeEuropean central bankBini smaghiGerman ministerFinance recentlyGerman finance ministerBundestag chairman wolfgang schWolfgang schFinancial times theStability pactஜான் மேனார்ட் கீன்கள்கிறிஸ்டின் லகார்ட்ஐரோப்பிய மைய வங்கி