It's not even a question. Eurocrats lost the ability to think forward a decade ago. - it's politically convenient because they're sticking it to the "ritch" - when the 2nd order effects hit all the decision makers will be out of office and in cushy jobs - it gives a short fiscal sugar rush ...so it will happen.

It’s madness. It would be better if they literally just stole more. The market impacts will be disastrous. Idiots.