Wolfgang Schäuble is the person who personified the so-called ‘die schwarze null’ (Black Zero) while finance Minister. His conduct as finance minister was an instrumental element in extending the GFC across the Eurozone. He is still influential in European politics and his latest Op Ed makes it clear that the austerity mindset is still alive and well despite the current relaxation of the Stability and Growth Pact rules during the pandemic.
EU politics
Bella Caledonia: St Andrews University must defend Clara Ponsati
Hardly is she eligible for s senior railcard and Clara Ponsati is to be extradited from Scotland to Spain for rebellion. What senior citizens get up to these days? Ms Ponsati, who does research at […]
EU politics
Bill Mitchell: IMF reform proposals for the Eurozone are just weak band aids that cannot fix the dysfunctional mess
All the other options – such as the IMF’s current plan – just put band-aids over the mess – and they are weak bandages at best. Meanwhile, the ECB will have to continue funding the […]
Economics
Is EU heading towards a recession?
GDP up by only 0.2% in the euro area and by 0.4% in the EU in the first quater of 2022 Read Here
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