MORNING SHOW – 25/07/2022

As of November, the European Union’s official stance was that they had no plans for a rescue package that even resembled the plans of the United States bailout package implemented by Paulson. The plan constructed by the United States in response to the fallout of the subprime mortgage market and many investment banks, was seen as much too elaborate for the European Union’s needs.

Recessions are caused by natural variations in the business cycle, but that’s not to say that they don’t have real causes, and furthermore, real benefits associated with them. Economists struggle to define exactly, within an adoptable scope, what these are, but, a few are vary clear.