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
Thomas Fazi – Israel’s mixed blessing for Ukraine
The war is not going well for Ukraine, and American politicians are distracted and increasingly resistant to hand over aid. Peace talks with Russia now look inevitable. Read the article HERE.
EU politics
Kathimerini – Greece: The long-run demographic consequences of the economic crisis
The Greek crisis imposed by the Troika, but before all by Germany, has not only decimated the economy, but also the population, as Bob Traa explains in this article. A smaller population means a smaller economy, […]
EU politics
Daniele Albertazzi – Giorgia Meloni: How the realities of office trumped the Italian Prime Minister’s radicalism
Apart from some nasty anti-abortion laws, Meloni has transformed from Mussolini’s heir to your typical pro-Brussels, pro-Washington politician. In ‘Other News’. Read the article HERE.
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