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
Reuters: Germany moves to suspend debt brake for 2023 to fix budget turmoil
The German government once again caught up in its own pathological lieing and cheating. What will the Italians think? Read HERE Employees of a German Finance Ministry supporting the Black Zero of the debt brake
Energy
Balkan Green Energy News: Energy crisis triggers new coal projects in Republic of Srpska, Serbia
Europe’s efforts to reduce its reliance on Russian gas have resulted in a revival of electricity generation from coal. Read Here Photo credit: Alicja from Pixabay
Austerity
Voice of America: Thousands March in Paris to Protest Pension Reform Plan
Apparently for the first time the unions asked the Yellow Vests to join them in demonstrating. Read here
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