If an ordinary Russian loses half of his pension or salary because of the fall in the rouble and inflation caused by the sanctions, then there is no recourse, no court where he can complain. On the other hand, if you want to deprive an oligarch with 100 million euros of half his fortune, then there are multiple procedures to challenge the decision, and very often you don’t pay anything.
Economics
Heiner Flassbeck, Patrick Kaczmarczyk – Argentina: Devaluation and American interference, but no progress otherwise
No sooner had Javier Milei won the congressional elections with the help of unprecedented American interference in the election campaign than the libertarians regained the upper hand and once again celebrated the Argentine president’s economic […]
EU politics
Daily Sabah: EU executive to launch action over Italy budget, sources say
While the UK Express reports that 60% of Italians now believe the EU is bad for them, Germany refuses to relent. It is no longer a question of if another nation leaves the EU, but […]
Economics
ING – German Recession: German economy falls back into contraction
A disappointing shrinking of the German economy in the second quarter illustrates how difficult it will be to escape the current dismal combination of both cyclical and structural headwinds Read HERE
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