German economists are a bit slow, but the have come to the conclusion that was obvious for the past half year. And where their optimistic prognosis for 2025 and 2026 came from is not clear. Maybe this is the tribute you have to pay for government financial support.
Economics
DeStatis – Germany’s Not So V-Recovery: Production in June 2021: -1.3% on the previous month (Production 6.8% below pre-crisis level)
Germany’s government has everything under control, just like Covid and climate change Read here
Finance
Larry Elliot: Is the Bank of England losing its way?
From The Guardian Central bank infallibility was always something of a myth. Much of the decline in inflation in the 1990s and early 2000s was due to globalisation rather than the brilliance of central bankers. […]
EU politics
Anatol Lieven: Sarkozy vilified for speaking uncomfortable truths about Ukraine
The former French president offers a diplomatic way out — the commentariat responds with reflexive ‘pro-Putin’ invectives. Read HERE
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