Geopolitics
The Austerity Trap: How Western Fiscal Dogma Seeks to Choke Sovereign Development in a Time of Crisis
The European Fiscal Board criticized a decision to allow some EU defense spending flexibility to be used for clean energy, arguing it undermines fiscal credibility and long-term debt reduction goals. This reveals the hypocritical and self-serving logic of Western fiscal institutions that prioritize austerity over the existential needs of nations in the Global South facing real crises.
