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.
Finance
El País: Spain’s Labour Inspectorate forces Amazon to give 4,000 false freelancers work contracts
The online retail giant will also have to pay €6.16 million in Social Security contributions that were not paid while the staff were providing delivery services to the multinational Read here
Economics
Bill Mitchell: Fiscal policy paralysis and ECB credibility in tatters
Last week, the EU finance ministers (the ‘Eurogroup’) met (June 13, 2019) in Luxembourg as part of their regular schedule. There was a lot of talk in the lead-up to the meeting whether Emmanual Macron’s […]
EU politics
City of London: Capital of an invisible empire
An interview with Michael Oswald and John Christensen concerning The Spider’s Web, their film about Britain’s tax haven empire. Read here
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