The financial sector is hailed as the crowning glory of the UK economy. But as it blooms, everything else withers. This is true wherever the financial sector becomes dominant in the economy, similar to what happens in an oil rich nation.
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Aviation
Harrison Stetler – Corporate France Says: Hands Off our Private Jets
A debate has kicked-off in France about the use of private jets, and the country’s tycoons are on the defensive. Read the article here.
EU politics
Bill Mitchell: The German undervaluation obsession is resistant to ‘reform’
In Germany long-term price stability has meant suppression of wages. This has enabled its mercantilist policy, which has been so disastrous for the euro-nations. Read here
Corruption
Vila Web: Spain fails in all Council of Europe recommendations on corruption prevention
GRECO report is very harsh on the Spanish government’s inaction and puts emphasis on police corruption Read Here
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