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.
Climate Crisis
The Guardian – The unseen driver behind the migrant caravan: climate change
In Europe we shall have the same problem as people in Africa and the Near East are confronted with the devastation of climate change. Read here
Economics
DeStatis – German Recession: Stock of orders in manufacturing in August 2024: -4.7% year on year
Stock of orders in manufacturing, August 2024 -1.0%, in real terms, on the previous month (seasonally and calendar adjusted) -4.7%, in real terms, on the same month a year earlier (calendar adjusted) Range of the […]
EU politics
Paolo Gerbaudo: A new Sorpasso?
Podemos in Spain is yet another cautionary tale for the left internationally. Read the article here.
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