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.
Climate Crisis
Climate Analytics: Why gas is the new coal
Gas has no place in a 1.5˚C world, and its use should already have peaked, but instead the expansion of the industry continues to rise, according to a new report by Climate Analytics. Read here
EU politics
Bill Mitchell: The EU’s democratic deficit is intrinsic and unfixable without dissolution
Bill Mitchell on the report by Amnesty International EU Vanishing Act: The Eurogroup’s Accountability (see here)
Economics
Paul Mason: Upward mobility has been shattered. And no one in power cares enough to fix it
Our economic system didn’t intend to suppress the social mobility of working-class kids, but it has. Now their prospects are so bleak that Labour’s promises to the postwar working class seem practically Bolshevik Read here […]
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