The COVID-19 crisis has pushed the euro zone to its breaking point.
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Economics
Michael Roberts: Modern Monetary Theory – Part 1: Chartalism and Marx
BRAVE NEW EUROPE has been covering Modern Monetary Theory. Here an analysis from a Marxist standpoint. By the way, there is an interesting Modern Monetary Conference in Berlin on 1 and 2 February: see here […]
Economics
Bill Mitchell: US Labour Market – creating work but participation and real wages falling
In July 2022, the US labour market produced reasonable growth in employment but at the same time the participation rate fell. The fall in the official unemployment rate was all down to the declining participation […]
Economics
Eurostat: Euro area international trade in goods deficit €50.9 bn, €64.7 bn deficit for EU
The first estimate for euro area exports of goods to the rest of the world in August 2022 was €231.1 billion, an increase of 24.0% compared with August 2021 (€186.4 bn). Imports from the rest […]
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