The big motor is fiscal policy and because of the flawed design in the Eurozone it is dysfunctional in the extreme. Central bank policy shifts can do little to counter the damage that fiscal austerity is doing in Europe.
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EU politics
CBC: EU court rules investor protections in Canada’s trade deal are legal
Another triumph for eno-liberlaims, transnational corporations, and the EU political elite. Antoher defeat for democracy and the citizens in the EU. Read here
EU politics
Prem Sikka: When will the bankers who’ve rigged our economy be held to account?
Regulators are incapable of protecting the public from economic crime, writes accounting expert Prem Sikka. Read here
Austerity
CNA: French travellers face train disruption as pension strikes go on
Two weeks of nationwide industrial action against President Emmanuel Macron’s planned overhaul of the pension system have disrupted railways and roads, shut some schools and brought more than half a million people onto the streets. […]
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