In the first quarter of 2022, the EU seasonally adjusted current account of the balance of payments recorded a surplus of €16.6 billion (0.4% of GDP), down from a surplus of €52.2 billion (1.4% of GDP) in the fourth quarter of 2021 and down from a surplus of €126.4 billion (3.6% of GDP) in the first quarter of 2021.
EU politics
The Hill: Vance, Rubio blast Germany for labeling far-right party as ‘extremist’
We shall see how the German vassel state responds from its master. Who knows, maybe the CIA will blow up the Bundestag as they did with the Nordstream pipelins Read HERE
Finance
Frances Coppola: Why central bankers don’t understand inflation
“The job of the central bank is not to set the current level of inflation, but to keep wages down by influencing people’s expectations of the future level of inflation.” Read here
National Politics
Politico – Far-right Herbert Kickl gets his chance to form government in Austria
Austria looks like it is the latest European country to go far-right. Read the article HERE.
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