In the third quarter of 2022, the EU seasonally adjusted current account of the balance of payments recorded a deficit of €90.2 billion (–2.3% of GDP), down from a deficit of €40.3 billion (–1.0% of GDP) in the second quarter of 2022 and down from a surplus of €74.3 billion (+2.0% of GDP) in the third quarter of 2021
Energy
ICCT: Greenwashing food-based biofuels in Europe
The term “Highly sustainable crop based biofuels” (HSCBBs) sounds environmentally friendly. It sounds like the kind of low-carbon biofuel that avoids the food vs. fuel debate. But unfortunately, the term now means perpetuating the biofuel business as […]
Corruption
Frances Coppola: Britain’s Longest-Running Financial Scandal has come to an End
Atoning for their mortgage and pension mis-selling scams has cost the UK banks billions, but their payouts perversely kept consumer spending alive. What happens now? Read here
EU politics
Prem Sikka: There’s only one way to solve inequality and fat-cattery – and it isn’t ‘naming and shaming’
As new figures show wage stagnation for workers – and big pay hikes for bosses – Prem Sikka argues it’s time to bold solutions to the inequality crisis. Read here
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