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.
EU politics
The Cradle: Germany says Israel’s massacre at Gaza school justified in ‘self defence’
“Israel has the right to defend itself. The reality is that Hamas uses schools, hospitals, kindergartens as command centers and that the people in the Gaza Strip are also abused against their will as protective […]
Geopolitics
The Kyiv Independent: Russia’s latest offensive into Kharkiv Oblast is stretching Ukrainian defenses
Russia’s two-pronged assault in Kharkiv Oblast that began on May 10 is exploiting Ukraine’s troop shortage, forcing it to make difficult decisions about where to commit reserves. Two weeks into the offensive, one group of […]
Economics
Financial Post – Germany’s 10-year yield falls below 0% as traders slash ECB hike bets
Well, there will be a lot of German politicians who are going to be very disappointed, not to mention Hans-Werner Sinn, who still again got things wrong. Read Here
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