The German current account surplus of probably 7 per cent of GDP in the current year is an unparalleled scandal. However, it becomes a real political catastrophe when Germany accuses countries that have fairly balanced balances, such as China, or even high current account deficits, such as the USA, of mercantilism when they defend themselves against the actual mercantilists.
EU politics
Malta Indpendent: EU decision to remove Panama, seven others from tax-haven blacklist, triggers outrage
The EU farce concerning tax havens continues. According to the EU Commission, with the exception of a few islands no one ever heard of, there are no more tax havens. Read here
Geopolitics
Kyiv Post: Ukrainian Spec Ops Disaster: 20 Reported Killed by Ambush on Small Boat Landing in Crimea
Things continue to go poorly for Ukraine Ukraine’s 73rd Naval Center of Maritime Special Operations had one of its worst days of the entire war as Russian sources claimed the commandoes were shot down as […]
EU politics
Politico: Macron’s party changes name to ‘Renaissance’
When you run out of lies, you profess your honesty. The Great Obscurantist changes his name. Read Here
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