Optimism at the beginning of the year was probably premature. Manufacturing output fell sharply in January in France, confirming that industry is currently in a strong slowdown phase, which is likely to continue over the coming months. So much for the EU’s growth prognosis.
EU politics
Jamie Maxwell: Post-Sturgeon
Scottish nationalism has hit a wall. Read the article HERE.
Globalisation
The Washington Post: Short on time, Biden sought new Ukraine tank plan to break stalemate
How the US and Germany reached that tank deal. Amid growing discord, a new proposal and a week of nonstop negotiations finally resolved the dispute, as Germany relented on Leopards and the US pledged (eventually) […]
Economics
Bill Mitchell: Free flows of capital do not increase output but do increase inequality
Suddenly capital controls are back in the discussion. Read here
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