Molly Scott Cato: new money will create economic activity, but won’t solve the crisis

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Ahead of an expected announcement by the European Central Bank of a bond-buying programme, on Thursday, Green MEP Molly Scott Cato said that “creating new money is not the solution” to Europe’s debt crisis.

“We need to look directly at the debt. We need to be seeing who’s taking on this debt, and make them bear some responsibility, rather than making the price be paid by poorest and most vulnerable.” Scott Cato said.

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