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.
Economics
eurostat: March 2022 – Euro area annual inflation up to 7.5%
Who is going to pay for this? Read Here
Economics
Shaun Richards: China presses the economic panic button
For several years the Chinese property sector has been turning from boom to bust. Now one could say that the Chinese cavalry has arrived. Read HERE Photo: China News Service/Creative Commons
Economics
Bill Mitchell: European Central Bank research provides a withering critique of mainstream macroeconomics
Although Bill Mitchell warns that “this blog post considers some very technical material” he does an excellent job of explaining what it all means. Read here
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