5 ms·

Europe simply printed more money than the US. Same for everyone else.

• s1artibartfast 4y ago
  I find that hard to believe. Do you have a reference? My understanding that the US stimulus was generally unparalleled
  • misja111 4y ago
    You're right, US has printed much more money. The EU is catching up though. In 2021, EU total amount of quantitative easing was 2.947 trillion euro's. https://en.wikipedia.org/wiki/European_Central_Bank#Low_inflation_and_quantitative_easing_(2015%E2%80%932019) https://en.wikipedia.org/wiki/European_Central_Bank#Low_infl... US: $4.5 trillion https://en.wikipedia.org/wiki/Quantitative_easing#:~:text=The%20Federal%20Reserve%20began%20conducting,to%20the%20COVID%2D19%20pandemic https://en.wikipedia.org/wiki/Quantitative_easing#:~:text=Th....
    • mardifoufs 4y ago
      That's just for 2021 though.
      • s1artibartfast 4y ago
        I think 2020 was even more
      • mathiasgredal 4y ago
        The cumulative numbers as of right now: EU: 3.4 trillion euro (https://www.ecb.europa.eu/mopo/pdf/APP_cumulative_net_purchases_by_programme.png?okju https://www.ecb.europa.eu/mopo/pdf/APP_cumulative_net_purcha...) US: 8.9 trillion usd (https://www.statista.com/statistics/1121416/quantitative-easing-fed-balance-sheet-coronavirus/ https://www.statista.com/statistics/1121416/quantitative-eas...)
    • mrep 4y ago
      I'd say the eurozone is winning in what matters: 3 trillion euros / ≈14.5 trillion euro gdp of the eurozone ≈ 20.6% of gdp 4.5 trillion USD / ≈23 trillion US gdp ≈ 19.5% of gdp