Discussing Japanese public finances is extremely difficult. It is not much different from the arguments 600 years ago about whether the world is flat. Critics claimed that eventually the ship will fall off the world into the void. Bust after 30 years Japan is still sailing the earthly seas.
Corruption
Reuters: Italian government faces criticism over consulting contract with McKinsey over EU funds
Why does the EU need a political class if it is no longer capable of governing? To decide which consultants will do their work and then collect the kickback? Read here
Economics
Politico: Eurozone fell into recession as energy prices soared
Contraction over 2 consecutive quarters will complicate ECB’s job to battle inflation. What is worrying about this is the Eurostat, like Germany’s DeStatis, consistently initially publishes positive statistics, which later have to be retracted. This […]
Media
Owen Jones: We can no longer pretend the British press is impartial
From The Guardian What Owen Jones writes about the British media probably holds true for the media in most European nations. Read here
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