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
Michael Hudson – Falling into Line: Turning Endless Deficits into a Power Base
“The Federal Reserve has been single handedly financing the stock market and the bond market. The government has been giving away monopoly privileges to increase profits, to help support stock and bond prices, and that’s […]
Austerity
Larry Elliot: Attacks on McDonnell a sign Tories know stance on borrowing is defunct
Obsession with debt reduction has been disastrous and arguments against a borrow-to-invest approach no longer pass muster Read here
EU politics
Marina Forti – In Genoa
Piece about the remarkable general strike for Gaza in Italy and the struggle of dockworkers in the country against genocide. In New Left Review’s ‘Sidecar’. Read the article HERE.
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