Neo-liberalism can only flourish where democracy is reduced to a minimum, to folklore. The EU is neo-liberal. Thus the European Court of Justice will almost always decide against democracy.
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Finance
Bill Mitchell – Shipping disruptions unlikely to precipitate another inflation surge
Both the Suez Canal and the Panama Canal – two of the world’s most important shipping routes – are “now under stress from various sources”. Published in Bill Mitchell’s blog. Read the article HERE.
Geopolitics
Al Jazeera – Trump says US will become ‘guardian’ of Strait of Hormuz and collect tolls
Fantasy stuff, but what it does achieve is undermine Western opposition to Iran charging for safe passage in the Strait. Read the article HERE.
Economics
DeStatis – German Recession: Production in March 2026: -2.8% on the same month a year earlier
Production in industry March 2026 (in real terms, provisional): -0.7% on the previous month (seasonally and calendar adjusted) -2.8% on the same month a year earlier (calendar adjusted) February 2026 (in real terms, revised): -0.5% […]
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