A long but interesting piece concerning the downturn of productivity, especially in Britain. Perfect for the weekend.
Read here
EU politics
Bill Mitchell – Britain’s austerity costs are larger than any predicted Brexit losses
“New data now allows us to compute the losses arising from the deliberate strategy of fiscal austerity that the Government has pursued. Guess what? They appear to dwarf all the Project Fear estimates of losses […]
Energy
Almuth Ernsting: Drax Wants to Capture State Subsidies, Not Carbon
The firm’s proposal to bury emissions from burning wood under the North Sea is still a pipe dream, says campaigner Almuth Ernsting of Biofuelwatch. Read HERE Drax Power Station Dave Pickersgill/Creative Commons
Economics
Bloomberg: Draghi Is Betting the House With Europe’s Biggest Stimulus Plan
Mario Draghi is using his position as Italian prime minister to deliver the one thing he could never conjure up when he was head of the European Central Bank: massive fiscal stimulus. Read here
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