We had one central bank – the Bank of Japan – defying the consensus of central banks, the IMF, and taking on the financial markets and holding interest rates unchanged for the duration of this episode to date.
Climate Crisis
Wolfgang Munchau: Cap reforms – not going to work
“Triumphant breakthroughs” are an EU term for further failure, this time with the common agricultural policy. Read here
EU politics
Politico: Irish parliament rejects EU-Mercosur deal in symbolic vote
Motion calls on Dublin to vote down major South American trade deal at EU level. Read here
Economics
DeStatis: German Residential Building Permits Spiralling Downwards
Building permits for new construction from January to March 2023: -31.1% for single-family houses, -51.9% for two-family houses, -25.2% for multi-family houses Read HERE
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