Nobody embodies the EU’s elite-driven nature better than its incumbent president, Ursula von der Leyen. And no action of hers embodies its warped excesses better than her decision, in April 2021, to single-handedly sign off on a €35-billion deal for the purchase of 1.8 billion doses of the BioNTech/Pfizer vaccine. According to one analysis, the price per dose she agreed was 15 times higher than the cost of production — meaning that the EU overpaid the vaccines by tens of billions of euros.
Austerity
Chris Bambery: Crisis in Italy
It always comes down to the same two elements: the neo-liberal regimen of the EU led by Germany and the national enforcers, who prohibit change in the interests of their citizens. Read here
EU politics
Prem Sikka: The government’s ‘tough’ action on overseas tax dodging isn’t all it seems
The Tories are forcing overseas territories to publish who really owns companies. A welcome step – but it will do little on its own, writes accounting expert Prem Sikka. Read here
Economics
DeStatis – German Exports in June 2023: -1.9% year on year
Most German exports in June 2023 went to the United States. After seasonal and calendar adjustment, exports of goods to the United States were down 0.2% compared with May 2023, with the value of exports […]
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