The EU’s dependency on China and Russia due to Germany and Merkel’s “Germany First” policy has become all too obvious.
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Eurostat: Eurozone trade deficit to 13-year high as it becomes increasingly dependent on China and Russia
EU politics
Aditya Chakrabortty: The problem is not capitalism. It’s that the Tories aren’t much cop at it
From The Guardian This is a brilliant criticism of Thatcherite policy – its collapse and how and why it has failed. Read here
EU politics
The Irish Times: ‘Enough excuses!’ – France’s Le Maire grows impatient over digital tax
Irish Republic and Luxembourg strongly against levy on online services. Germany supporting them. Read here
Economics
Bill Mitchell: IMF and World Bank at odds with each other over interest rate hikes
The inflationary surge is not a demand event and will not be resolved by further cutting nominal incomes. Read Here
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