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Europe Is Subsidizing Millions of Paychecks. Companies Want to Keep It That Way, for Now.

  • 📰 WSJ
  • ⏱ Reading Time:
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  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 5%
  • Publisher: 63%

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Europe’s strategy of placing tens of millions of workers on paid leave has stemmed job losses, but governments are now grappling with how to wean firms and employees off the support

The programs were originally intended as a stopgap. European companies idled workers instead of firing them, using billions in state subsidies to cover their payrolls until they were ready to reopen for business.

Now that governments have lifted their lockdowns,...
 

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Let em starve and die, eh wsj

The Federal Reserve tried to wean the equity and financial markets off Quantitative Easing but couldn't. Once they get a taste of the monetary and fiscal heroin, they become junkies for life.

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