In effect, the EU has embraced a hyper-mercantilist, export-driven growth model, prioritising trade surpluses over internal economic development. This approach has come at the expense of both its own citizens, who face stagnating wages and underfunded public services, and its trading partners — most notably the United States — who have absorbed the EU’s export surpluses as part of an increasingly unbalanced global economic relationship.
Economics
Richard Murphy: The banks are using this crisis to demand that we go back to the rules of 2007 so that they can exploit us all over again
This is the real danger, that the financial corporations use the corona crisis to further their interests, not to mention receive hundreds of billions from the state. Read here
Economics
Peter Bofinger and Thomas Haas: A Nobel Award for the Wrong Model
Diamond-Dybvig-Bernanke is a flawed model of banking that has no room for a lender of last resort Read Here Ben Bernanke Dollar by Gage Skidmore
Climate Crisis
Politico: EU tries to stop energy treaty exit stampede
EU countries reject the corrupt EU Commissions-led reforms to the Energy Charter Treaty, saying they fail to stamp out protections for fossil fuels. Spain, the Netherlands, France, and Poland have all declared their intention to […]
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