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
Bill Mitchell: Some lessons from history for the design of a coronavirus fiscal intervention
While the analysis is focused on Australia at present, the principles developed are portable across national boundaries. Read here
Corruption
Politico: Mafia harvest rewards from EU farm funds
Odd, in Italy they are called mafia, in Northern Europe Business-people. Read here
Climate Crisis
Treehugger: This professor just got arrested for making climate change graffiti
Governments aren’t paying attention to scientific research, but maybe crime will get people’s attention. Read here
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