Kallas initially proposed an EU plan of 40 billion for Ukraine weapons, which Italy, France, Spain, Portugal opposed. So she came up with a new plan – 5 billion. Which has now been stalled by France, Italy and Slovakia, who want non-binding wording.
Economics
Bill Mitchell: The inflation backtracking from the central bankers and others is gathering pace
Why have central bankers in continued to hike interest rates, especially when the most direct measure of the situation – the actual inflation rate – has been abating for months in most jurisdictions? Read HERE
Climate Crisis
Reuters: Vanishing tropical rainforests
With humans destroying tropical rainforests faster than any other type of woodland, the world’s largest living store of greenhouse gas is rapidly vanishing — along with hopes of avoiding catastrophic climate change Read here
Economics
German Foreign Policy – Germany: Master of Double Standards
Berlin accuses Moscow for suspending the grain deal, but ignores impact of anti-Russia sanctions on the Global South regarding grain, fertilizer and natural gas supplies. Read HERE
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