The rate hikes now being implemented by most central banks are not just allowing the commercial banks to widen spreads between deposit and lending rates which will generate significant windfall profits for the banks and their shareholders. The increasing interest rates are also delivering massive cash injections to the banks who hold reserve accounts at the central banks.
Obituary to historian Arno Mayer, who was never shy to take on the big questions. In New Left Review’s ‘Sidecar’. Read the article HERE.
Just three EU countries out of 27 can meet their social and climate commitments under new EU Fiscal Rules. New joint report by the ETUC and NEF. Read the report HERE.
The eurozone will officially been in a recession shortly. Read the article HERE.
Copyright © 2024 | MH Magazine WordPress Theme by MH Themes
Be the first to comment