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.
Climate Crisis
Adam Tooze: Why Central Banks Need to Step Up on Global Warming
A decade after the world bailed out finance, it’s time for finance to bail out the world. Read here
EU politics
Owen Jones: I hope Catalonia stays with Spain, but I support its right to leave
Owen Jones may not be for Catalonia’s independence from Spain, but he recognises that all people have a right to self-determination: “I have little truck with pro-independence movements unless a nation is oppressed, like those […]
Economics
Phillip Inman: Household debt in UK ‘worse than at any time on record’
The classic question in economics is: If capitalists pay their workers too little, who is going to buy the capitalists’ products. Here is the answer. The same workers, who have to borrow from the banks, […]
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