An excellent analysis: “Profit shifting by multinational corporations doesn’t distort Ireland’s balance of payments; it constitutes Ireland’s balance of payments.”
Read here
Brad Setser: Tax Avoidance and the Irish Balance of Payments
Economics
DeStatis – German Recession: Export surplus in trade with United States down 30.5% in 1st quarter of 2026 compared with same quarter of previous year
Sharp drop in German exports to United States, slight increase in imports Despite 28.4% decline in exports, motor vehicles, trailers and semi-trailers contribute most to export surplus with United States Import surplus registered for mineral […]
Energy
Larry C. Johnson: Did Trump TACO Again on Iran? Why?
I fully expected that Trump would deliver on his vow to open the Gates of Hell on Iran. All the warning indicators were flashing red: i.e., Europeans were closing their embassies in Tehran and evacuating […]
EU politics
Frances Coppola: Merging Deutsche Bank And Commerzbank Won’t Solve Their Problems
Fundamentally, this proposed merger isn’t about creating a robust and profitable bank. It is all about German politics. Germany would suffer considerable loss of face if its largest bank were forced into the ignominious European […]
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