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.
Geopolitics
Middle East Eye: Hezbollah rockets hit Haifa as Israeli soldiers raid Al Jazeera offices
Hezbollah fired nearly 100 rockets towards northern Israel, including Haifa for the first time since the current hostilities began almost a year ago. The Lebanese group said the targets included the Ramat David military airbase […]
EU politics
Middle East Eye: France and Algeria rocked by ‘most serious’ diplomatic crisis since end of colonial rule
Rightward shift of the French political class and persistence of ‘colonial unconscious’ are contributing to mounting tensions Read HERE
Economics
Bill Mitchell: European Commission processes still biased towards fiscal austerity
I consider that there is little hope that European Commission will be able to resume its Excessive Deficit Mechanism process in 2022 without causing massive damage to already damaged economies. But I have no doubt […]
Be the first to comment