Besides banks and the wealthy, no one is going to benefit by this, not to mention that many Britons are currently in a very precarious financial situation due to stagnant wages.
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Austerity
Bill Mitchell: Germany – a most dangerous and ridiculous nation
In this typically lengthy article Mitchell reviews how and why Germany is imposing its economic policy upon Europe. Read here
Economics
DeStatis – German Recession: New orders in manufacturing in July 2025: -3.5% year on year
New orders in manufacturing: July 2025 (in real terms, provisional): -2.9% on the previous month (seasonally and calendar adjusted) -3.4% on the same month a year earlier (calendar adjusted) Read Article HERE
Economics
Bill Mitchell: The Ireland growth miracle is largely illusory and biasing Eurozone growth data upwards
Since the March-quarter 2008 (at the onset of the GFC), GDP has grown by 114.8 per cent. However, GNP has only growth by 71.1 per cent and Modified final domestic demand has only grown by […]
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