Italy is the prime example of this so-called moral hazard problem. When the country joined the eurozone in 1999, its borrowing costs fell sharply to match Germanyβs. The savings were enormous.
Over 15 years, the Italians could have paid off their entire national debt. Instead, Italian governments spent the windfall on consumption. The debt barely moved. Why would Eurobonds produce a different outcome?
Greece tells the opposite story. Under pressure from creditors, it restructured its economy, digitised its health system and consolidated its public finances. Its debt-to-GDP ratio has dropped from over 200 percent to around 150 percent. Painful, yes, but it worked. Eurobonds would remove exactly the pressure that made Greeceβs turnaround possible. Oliver Hartwich Opinion piece - Newsroom 25 Feb 2026
https://newsroom.co.nz/2026/02/24/eu-is-ignoring-economics-101-those-who-spend-must-also-pay/
Begging for basic fact checks. These conflicted NZI ghouls appear to be able to simply take-up column inches because (a) media needs content, and (b) their sponsors pay their wages. And, when they get those inches, they basically lie through their teeth to shape opinion. Let's have a look [π§΅ 1/n]
25.02.2026 07:58 β π 41 π 12 π¬ 3 π 1
I suppose we should be glad he didn't say Chuck and Tiffany (Ref bride of Chucky) ππ
25.02.2026 05:56 β π 0 π 0 π¬ 0 π 0
Earthlings!
@bernardchickey.bsky.social interviews Paul Conway from the RBNZ. Here are a couple of compelling moments from todays interview.
#nzpol #economy #inflation #rbnz
Full interview here: thekaka.substack.com/p/mini-hoon-...
25.02.2026 05:46 β π 3 π 0 π¬ 0 π 0
Earthlings, see the ironic contrast between the PM's quote and the ZB show caption.
"I don't take advice" vs "every view from every angle"
I can hear music from curb your enthusiasm in my ears LOL.
#nzpol #irony #luxon
25.02.2026 05:40 β π 10 π 2 π¬ 1 π 0
So true π
24.02.2026 16:29 β π 1 π 0 π¬ 0 π 0
Sooo, has actual amounts of transactions increased or the total $ value? Ie: we are spending more on less?
Also: does ECT account for oversease purchases? (Temu, aliexpress etc?)
23.02.2026 16:15 β π 0 π 0 π¬ 0 π 0
That's a good question.
23.02.2026 16:12 β π 0 π 0 π¬ 0 π 0
Govt can ofc conjure up $200m out of thin air and use it to buy equity in a company. The Govt balance sheet expands by $200m on the liabilities side, and $200m on the asset side. As long as the return on the assets exceeds the cost of the debt, they are quids in. The ghouls hate it. BUT... [1/2]
23.02.2026 06:32 β π 32 π 10 π¬ 3 π 0
NZCPR Author on Tamatha Paul Cycleways vs Water Piece Doesn't Exist
Minutes from the meeting and those there, on the left and right of council, have confirmed the vote never happened as described. Moa Point is being fanned by bad actors to pin the blame
Please can you guys share this piece or if not the piece, the information in it, on social media. #nzpol
NZCPR Author on Tamatha Paul Cycleways vs Water Piece Doesn't Exist. Minutes from the meeting and those there, on the left & right of council, have confirmed the vote never happened as described
22.02.2026 20:50 β π 121 π 90 π¬ 5 π 3
Earthlings!
If you are not following Bernard Hickey, what are you doing with your life?
ππ
23.02.2026 16:03 β π 2 π 1 π¬ 0 π 0
a picture of a ladder that says mnf on the top
Alt: a picture of a ladder style guillotin
Moving on from "eat the rich" to "guillotine the rich"
23.02.2026 07:48 β π 32 π 6 π¬ 2 π 0
The CCR reference is very appropriate. Let's hope we won't be singing Fortunate Son next.
23.02.2026 07:02 β π 0 π 0 π¬ 0 π 0
Proof that politicians don't always lie. Sometimes the are accidentally honest.
23.02.2026 06:59 β π 0 π 0 π¬ 0 π 0
This coming from the same person who tried to convince Jake Tame that a leaflet with big pictures in it was a government budget.
23.02.2026 06:57 β π 3 π 0 π¬ 0 π 0
"westin govahmance"
Has anyone told him we are not in the west?
23.02.2026 06:55 β π 1 π 0 π¬ 0 π 0
Yes, the same "wrap around services" that got funding cuts over the last two years π€¦ββοΈ
This is overwhelming to think about. The consequences that will arise from this policy... π¨
23.02.2026 06:52 β π 7 π 1 π¬ 2 π 0
An image says a thousand words!
#economics #homelessness #cruelty #housing
23.02.2026 06:49 β π 1 π 0 π¬ 0 π 0
Earthlings!
Bernard discuses the cold economic facts of the βmove on ordersβ policies from this government.
TLDR: Not only is it heartless it is shitty economics. #nzpol #cruelty #economics #prisonindustrialcomplex #homelessness #humanity #kindness
23.02.2026 06:47 β π 5 π 4 π¬ 0 π 0
Yeah.... there are quite a lot of those oldschool songs that have aged creepily like that. π¬
21.02.2026 21:12 β π 0 π 0 π¬ 0 π 0
Our βοΈfiscally responsibleβοΈ government
π¨π₯΄
21.02.2026 21:06 β π 0 π 0 π¬ 0 π 0
Whaaaaat! π¨π¨π¨π¨
21.02.2026 21:03 β π 0 π 0 π¬ 0 π 0
So a Government that is restricting spending on health, housing, investment etc is handing over $650m a year to four banks that make nearly $10b profit per yearβ¦kewl kewlβ¦
21.02.2026 19:24 β π 19 π 3 π¬ 1 π 0
Uhhhh, got it! Thanks Mate ππ
21.02.2026 09:06 β π 1 π 0 π¬ 0 π 0
The red eye thingy makes it even better πππ
Like his demons are coming out. I hope he gets exactly what he deserves.
21.02.2026 05:13 β π 2 π 0 π¬ 0 π 0
Quick look at the Govt bonds and settlement account debt outstanding and the interest rate payable on each.
Govt pays about $7bn per year in interest - equivalent to less than 3% per annum on the $240bn total. Yes, that's less than inflation (has been for years).
21.02.2026 01:44 β π 27 π 12 π¬ 4 π 1
Not sure if I'm interpreting this correctly. Does the size of the curcle represent the peinciple debt + amount paid in interest? Sorry if it's a dumb Q.
21.02.2026 05:09 β π 0 π 0 π¬ 1 π 0
Useful graph for the debt scare folks. Govt debt-servicing costs are super low these days. So much headroom to invest in the many, many things we need for the long-term, yet still we beg for eye-wateringly expensive private finance.
21.02.2026 02:42 β π 81 π 30 π¬ 4 π 1
Tim Murphyβs βomg everyone hates Luxonβ piece is so funny bro white bread is up 60%, thereβs no jobs, thereβs literal shit in the air in the capital city, people responsible for the engines of economy are leaving in droves, no workers rights, no action on climate change, voter suppression π€·π½ββοΈ
21.02.2026 01:25 β π 196 π 54 π¬ 8 π 3
Huh? Banks have been using a cost-plus model for the last decade with the enthusiastic endorsement and active support of RBNZ, to our national impoverishment
#nzpol
20.02.2026 05:21 β π 10 π 5 π¬ 2 π 0
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