On March 6, the Special European Council saw 27 leaders of the European Union discuss the Russia threat and promote a strategic vision of disconcerting militarism. European Commission President Ursula von der Leyen had announced two days earlier that Europe had to spend more and indulge its various arms industries with greater attention than before. The ReArm Europe plan entails various measures intended to free up to EUR 800 billion in defence funding. This will entail something distinctly at odds with the standard EU mantra on balanced budgets: using the escape clause of the Stability and Growth Pact to bypass the Excessive Deficit Procedure.
Climate Crisis
Science: Ice shelf holding back keystone Antarctic glacier within years of failure
Breakup of the Thwaites eastern shelf will ramp up sea level rise Read here
Economics
Bill Mitchell: Fiscal stimulus disappears into saving – solution – bigger stimulus was needed in the first place
Wasn’t there once something called “demand side economics”? Read here
EU politics
Fabien Escalona: France’s left needs to speak to all parts of the working class
Why does the left struggle to win support outside big cities? Read the article here.
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