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
Eurostat: Euro Area – New Inflation High up to 8.9%
Euro area annual inflation is expected to be 8.9% in July 2022, up from 8.6% in June Read Here
Economics
The EU’s prodigious V-Recovery – August: EU international trade in goods surplus falls to €11.3 billion
This was the second monthly decline in a row. When one considers that the trade surplus with Britain was round €64 billion in the first eight months of the year (second only to the USA) […]
EU politics
Marco D’Eramo: Western Pravdas
There is a strong whiff of McCarthyism in The West over the Ukraine war. In New Left Review’s ‘Sidecar’. Read the article HERE.
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