Wolfgang Schäuble is the person who personified the so-called ‘die schwarze null’ (Black Zero) while finance Minister. His conduct as finance minister was an instrumental element in extending the GFC across the Eurozone. He is still influential in European politics and his latest Op Ed makes it clear that the austerity mindset is still alive and well despite the current relaxation of the Stability and Growth Pact rules during the pandemic.
Economics
German Foreign Policy: Pyrrhic Sanctions
EU plans to introduce US-style extraterritorial sanctions in violation of international law and to target companies of third countries for their exports to Russia. Non-Western alliances (BRICS, SCO) expand. Read HERE
Climate Crisis
Rupert Read, Émile P. Torres: Radical Longtermism and the Seduction of Endless Growth
A Critique of William MacAskill’s ‘What We Owe the Future’ Read HERE
National Politics
German Foreign Policy: Cracks in NATO
The Polish and Baltic governments will push NATO’s pledge of Kiev’s membership at the July Summit in Vilnius and consider sending troops to Ukraine. Berlin will agree to security guarantees. Read HERE
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