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.
Austerity
Simon Wren-Lewis: Decreasing the size of the state is very unpopular
Why? Why have we been told for decades that people are fed up with state intervention and state run companies? It is not only the bubble politicians live in. Wren-Lewis fails to mention the integral […]
EU politics
Reuters: Brussels threatens to hit Hungary’s economy if Orban vetoes Ukraine aid – FT
‘The European Union will sabotage Hungary’s economy if Budapest blocks fresh aid to Ukraine at a summit this week, under a confidential plan drawn up by Brussels, the Financial Times reported on Sunday.’ Read the […]
Climate Crisis
Reuters: EU parliament backs labelling gas and nuclear investments as ‘green’
Germany and France have once again pushed through their interests Read Here Robert Habeck, Germany’s Green Minister for Economic Affairs and Climate Action and patron saint of “Green Gas” Photo: Heinrich-Böll-Stiftung licensed under the Creative […]
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