Since the March-quarter 2008 (at the onset of the GFC), GDP has grown by 114.8 per cent.
However, GNP has only growth by 71.1 per cent and Modified final domestic demand has only grown by 14.9 per cent.
The other obvious conclusion is that the Eurozone national accounts will also be overstated and hide the degree of contraction that is going on
You may not have heard of the EU Council’s 150 working parties, but they play an important role in preparing the positions that member states take in the Council on proposed EU laws and policies. […]
Until recently, Spain was uniquely free of neofascism. Not anymore. Read here
BRAVE NEW EUROPE has been covering Modern Monetary Theory. Here an analysis from a Marxist standpoint. By the way, there is an interesting Modern Monetary Conference in Berlin on 1 and 2 February: see here […]
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