Germany increases pressure on Slovakia. The reason: The new government of Slovakia, a country economically dependent on Germany, plans to discontinue the policy of economic liberalism and tends toward friendship with Russia.
Economics
Prime – Ann Pettifor: Rentier capitalism is profoundly risk-averse
21st century capitalism bears little resemblance to the capitalism that fired the Industrial Revolution, or indeed to the more recent Thatcher/Reagan model of capitalism. Key sectors of today’s new hyper-capitalism are profoundly risk averse. Read […]
Economics
Destatis – German Recession: Trade surplus with the US in January to July 2025 down 15.1% from the same period a year earlier
Bad news for mercantile Germany. And Trump’s tariffs are just beginning, while German exports to China are falling rapidly. Export surplus in trade with the US dropping to 34.6 billion euros, the lowest level recorded […]
Economics
DeStatis – German Recession: New orders in manufacturing in May 2024: -8.6% year on year
New orders in manufacturing: May 2024 (in real terms, provisional): -1.6% on the previous month (seasonally and calendar adjusted) -8.6% on the same month a year earlier (calendar adjusted) April 2024 (in real terms, revised): […]
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