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Hi Daniel,



The elephant in the room here as you've pointed out in your final paragraph, is that consumer demand is weak throughout the EU due to weak household balance sheets.



Crazy as it sounds, the best thing that Jean-Claude Juncker could do is to take the €21 billion investment fund and distribute it in equal sums between every EU household that reported total household income of less than €100,000. on their 2013 income tax return.



Any householders reporting total earnings of more than €100,000. on their 2013 income tax return, already has purchased everything they really need, and any additional funds added to that household is likely to go directly to the bank and stay there for some time. The very definition of unproductive money. Zero efficient money does nothing to help the economy.



But householders reporting total earnings of less than €100,000. on their 2013 income tax return have a multitude of items or services that they need to immediately purchase at any given time.



This is the definition of efficient money. Instantly upon receiving the (hereby proposed) Juncker cheque in the mail, Dad will be getting the car fixed, Mom will be getting the kids new winter/spring outfits, teens will be enrolling in university and the family pets will be getting upgraded benefits. And so many other things than this glib list.



Trickle down economics has partially led to this problem. The solution is to trickle up.



By thereby empowering low to mid-income households, the most efficient money will be very efficiently stimulate the economy.



It only sounds crazy because we've never yet done it -- not because it won't work.



Best regards, JBS

http://johnbrianshannon.com