In the fourth quarter of 2021, the EU seasonally adjusted current account of the balance of payments recorded a surplus of €49.6 billion (1.3% of GDP), down from a surplus of €69.6 billion (1.9% of GDP) in the third quarter of 2021 and down from a surplus of €125.4 billion (3.6% of GDP) in the fourth quarter of 2020
Economics
Heiner Flassbeck: The skills shortage and inflation – why ECB leaders and German immigration policy are completely off the mark
Sometimes a very simple statement can tell you abruptly how a society lies to itself in order to avoid unpleasant contexts. So it is with inflation – and so it is with unemployment. One year […]
Austerity
The Guardian: Grenfell survivor blames landlord’s ‘cancerous’ decisions for disaster
Housing too has become “a commodity to be exploited”. This is nothing new, as Henry George recognised 150 years ago. This fact includes many danger, and as we saw with Grenfell Tower, not only social […]
Finance
Veronika Merkova: “We, The Ants Of This World, Have Common Goals.” – Workers In Greece Take On Gig Economy Bosses
“Without the union our victories would not have been accomplished, and our employers would still be bossing us around in the most arrogant way.” – Veronika Merkova reports on the fight for unionisation & workers […]
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