The chickens are coming home to roost at present and the irony of all this is that ultimately German and Dutch external surpluses will fall below the allowable EU imbalance threshold of 6 per cent of GDP, not because those nations are doing anything sensible to address their damaging stance, but, rather, because their economies have become dependent on export growth and with China slowing that will hurt them badly.
“I am maintaining my view that the current inflationary spikes are being driven by the total abnormal circumstances the world has found itself in as a result of the pandemic.” Read Here
Another one bites the dust. The corporate media cannot get enough of new heroes, who will save Europe´s doomed neo-liberal system. Who is going to replace Macron? Maybe there is a up and coming politician […]
For refugees and poor migrants, travel can be terrifying, with no guarantee of a welcome at the end. For the one percent, it’s a different story, as a growing number of cash-strapped countries invite them […]