On March 6, the Special European Council saw 27 leaders of the European Union discuss the Russia threat and promote a strategic vision of disconcerting militarism. European Commission President Ursula von der Leyen had announced two days earlier that Europe had to spend more and indulge its various arms industries with greater attention than before. The ReArm Europe plan entails various measures intended to free up to EUR 800 billion in defence funding. This will entail something distinctly at odds with the standard EU mantra on balanced budgets: using the escape clause of the Stability and Growth Pact to bypass the Excessive Deficit Procedure.
Geopolitics
Marco D’Eramo – Empire’s Stakes
Trying to make sense of Trumpism. In New Left Review’s ‘Sidecar’. Read the article HERE.
Economics
David Boyle: The resistable rise of the Absent Corporation
I have tried to launch some kind of award system over the 18 months or so since the publication of my Tickbox book – really just by writing about it a great deal, and by […]
Economics
Bill Mitchell: Bank of England finds QE did not increase bank lending: who would have thought
Once again we learn that QE has not helped the real economy, just bailed out the banks and corporations Read here
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