In Germany long-term price stability has meant suppression of wages. This has enabled its mercantilist policy, which has been so disastrous for the euro-nations.
Related Articles
Climate Crisis
Andrew Simms and Peter Newell: We need a fossil fuel non-proliferation treaty – and we need it now
Climate breakdown is an imminent threat to humanity. But an international treaty could avert calamity. Read here
Economics
Bill Mitchell: ECB continues to play a political role making a mockery of its ‘independence’
June 12, 2018
Mathew D. Rose
Economics, EU politics, EU-Institutions, Finance, Financial Institutions, National Politics
0
Bill Mitchell debunks the myth of the technocratic and independent role of the Europen Central Bank. Read here
Finance
Chris Dillow: Class, sympathy & solidarity
The conviction of Ghislaine Maxwell has promoted some sympathetic headlines. Both ABC and CBS write of her “fall from grace” and the BBC of her “downfall”. All of which reflects Rachel Johnson’s attitude, that “it’s […]

Be the first to comment