They inherited poorly performing economies that bred widespread social and political discontent, argues Ashoka Mody, and both leaders unwisely followed the traditional European recipe of ‘labour reforms’
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EU politics
EU-OCS: France’s record fine for UBS
In the first of three reports on tax evasion in Europe EU-OCS explores France’s record fine against Swiss banking giant UBS in what the court called a case of fraud of ‘exceptional magnitude.’ Read here
Austerity
Bill Mitchell: The ‘fiscal contraction expansion’ lie lives on – now playing in Italy – Part 1
“Pathetic was the first word that came to mind when I read this article – The Italian Budget: A Case of Contractionary Fiscal Expansion? – written by Olivier Blanchard and Jeromin Zettlemeyer, from the Peter […]
EU politics
El Nacional Cat.: Spain withdrew billions of euros from Catalan banks after referendum
The day after the Catalan independence referendum, so on 2nd October 2017, the Spanish state quietly removed the money public companies and authorities held in the two largest Catalan banks, Banc Sabadell and CaixaBank. Read […]
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