The hysteria surrounding the decision by the Bank of Japan (released December 19, 2022) to make a minor adjustment to its yield curve control ceiling on Japanese government 10-year bonds has been predictable but uninformed and full of vested interest agendas.
Corruption
Bloomberg: France, Germany Reach Compromise on Watered-Down Technology Tax
And even this will probably not be enacted into law. As usual the nationalist Germans have only one concern: protecting German companies. Read here
Climate Crisis
ITV: ‘Why so generous?’: Inside Italy’s scheme offering huge subsidies towards low-carbon eco-homes
Italy’s government is encouraging households to convert their living spaces into eco-homes by covering 110% of the cost Read here A worker operates at a construction site in Milan, Italy. Credit: AP
Austerity
CNA: French travellers face train disruption as pension strikes go on
Two weeks of nationwide industrial action against President Emmanuel Macron’s planned overhaul of the pension system have disrupted railways and roads, shut some schools and brought more than half a million people onto the streets. […]
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