In the second quarter of 2022, the EU seasonally adjusted current account of the balance of payments recorded a deficit of €37.4 billion (–1.0% of GDP), down from a surplus of €8.8 billion (0.2% of GDP) in the first quarter of 2022 and down from a surplus of €104.8 billion (2.9% of GDP) in the second quarter of 2021
EU politics
Molly O’Neal – Germany gets a new antiwar party, this time on the left
Its appeal depends largely on whether voters agree that Berlin’s economic woes can be blamed on the country’s Ukraine war policy Read HERE
Finance
ITF – Deliveroo Strike: Building the riders’ Roovolution
In the UK there is currently a major strike by Deliveroo workers. Their demands are for normal working conditions. It is the prevention of this that the gig economy lives. Read here
Economics
Bill Mitchell: Zero trading in 10-year Japanese government bonds signals Bank of Japan supremacy
The lack of trading in the 10-year JGB is a sign that the gamblers in the investment banks have given up their power play against the Bank of Japan. They have finally got the message […]
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