A Commerzbank merger would make a mockery of the EU’s hopes to avoid lenders that are “too big to fail” – and the bloc’s plans for a banking union.
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Austerity
Stathis Kouvelakis & Costas Lapavitsas: Syriza’s Repressive Turn
Alexis Tsipras’s government promised to end austerity. Now it’s defending the banks against people evicted from their homes — and persecuting those who protest. Read here
Economics
Bill Mitchell: The effectiveness and primacy of fiscal policy – Part 3
“This is the final part of my three-part series on the why I have confidence in the primacy of fiscal policy over monetary policy and eschew any proposals, by other Modern Monetary Theory (MMT) advocates […]
Economics
Bill Mitchell: Turkey tells us nothing about MMT – but MMT tells us a lot about why Turkey is in trouble
When ever there is high inflation it is used as proof that Modern Monetary Theory is debunked. This is the case in Turkey. The real culprit is the neo-liberal policy of the IMF Read here
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