Ms Kaminska writing rather than editing.
At PoliticoPro (.eu) Izzy Ungated, June 27:
Everything now is just a euphemism for financial repression and austerity. That doesn’t stop politicians looking for magical alternatives.
Investment professionals and politicians who spurned Liz Truss's “go for growth” strategy for the British economy are slowly waking up to an uncomfortable truth.
The former U.K. Prime Minister's plan, which relied on unfunded tax cuts that were perceived to be inflationary, may have been the only growth plan for Europe's economies to escape over-indebtedness and low productivity without having to turn to austerity or greater state control of the economy. Not that any of them are prepared to admit it.
Britain's Institute of Fiscal Studies on Monday described parties' reluctance to admit as much on Monday as “a conspiracy of silence” arguing Labour's pledge to rule out tax hikes was a “mistake.” “We wish Labour had not made those tax locks and it will be difficult [politically] to break,” IFS director Paul Johnson said about the party currently leading the polls.
But it's not just British politicians who are refusing to face up to reality. In France, where an impending snap parliamentary election threatens to empower extremists on both sides of the political spectrum — to the cost of President Emmanuel Macron's centrist Renaissance party — there is a similar reluctance to admit there are only bad options on the table.
French Finance Minister Bruno Le Maire highlighted last week, after French bonds began to wobble, that anything short of centrism risks placing France under the supervision of Brussels and the International Monetary Fund....
....MUCH MORE
Also open access at PoliticoPro, June 27:
Le Pen raises the stakes by challenging Macron’s role as commander-in-chief
