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
Bill Mitchell: The pandemic is demonstrating that we can resist neoliberalism
Pierre Bordieu considered the neoliberal era to be one of the significant retrenchments in our civilisation: … the failure of the state as the guardian of the public interest. Read here
Austerity
Owen Jones – The hard right can only be defeated from the left, not from the centre
It is a paradox: the centre-right and centre-left parties with their neo-liberal policies have lost democratic credibility and have opened the gates to the ultra-right and fascist parties. These same political elements are now supposed […]
EU politics
Reuters – Audits reveal Deutsche Bank’s links to tax trade scandal
No banking scandals without the participation of Deutsche Bank. This one is massive and the German national government is doing all it can – as is also the case in Volkswagen´s diesel cheating – to […]
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