recession in Europe and a eurozone
part of the “America First” agenda—could trigger an economic recession in Europe and a eurozone debt crisis. A senior researcher at ANBOUND had previously noted that a Greek-style debt crisis may be looming. European countries’ debt repayment is subject to clear legal constraints, but now, due to political reasons and the need to fend off right-wing criticism, many governments are rolling out plans to increase fiscal spending, including boosting defense spending and infrastructure projects. These actions suggest that a debt crisis in Europe is likely to emerge in the future. In this context, Germany’s fiscal policy, with its massive stimulus approach, may come at the cost of increasing sovereign debt risks for the entire region. สล็อต