Despite all the reports by economists that the IMF has learnt from its mistakes in Greece, this appears to be far from the truth.
Read here
Economics
DeStatis – Germany: Decline in real earnings greater than in Great Financial Crisis
If this is a V-Recovery, it is obviously for the 1% Read here
Geopolitics
Politico – Spain imposes permanent weapons embargo on Israel
These are by far the strongest measures announced against Israel by any European government to this point. Read the article HERE.
Economics
Prem Sikka – Don’t believe the hype about fat cats cutting their pay
Every day we hear of new wage cuts for ordinary workers. That isn’t so at the other end of the wage scale. Read here
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