In the current circumstances, while the lockdowns are driving people into joblessness, the alternative would have been for the government to just pay the wages and order people to stay at home.
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People in the US queuing up at a food bank.
Economics
Heiner Flassbeck: Overkill – The ECB is driving the European economy up the wall and everyone is watching
The economic situation in Germany is bad, very bad indeed. There are indicators such as the so-called Markit PMI that predict a similarly devastating scenario for German industry as at the time of the great […]
Economics
Eurostat: Industrial production down by 1.8% in the euroarea and by 1.2% in the EU
Among Member States for which data are available, the largest monthly decreases were registered inSlovakia (–5.3%), Germany (–5.0%) and Luxembourg (–3.9%). The highest increases were observed inLithuania (+11.3%), Estonia (+5.1%), Bulgaria and Greece (both +5.0%) […]
National Politics
Ben Wray: The Breakdown of Neoliberal Globalisation Is the Root Cause of Britain’s Political Crisis
Review of a new book on Britain’s decade of political turmoil Read the article HERE
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