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.
Economics
DeStatis: Inflation in Germany increases again in January
Consumer price index, January 2023: +8.7% on the same month a year earlier (provisional) +1.0% on the previous month (provisional) Read Here
Economics
Richard Wilkinson and Kate Pickett: Inequality breeds stress and anxiety
Somehow there seems to be nothing about neo-liberalism that is of benefit to 99% of the world’s population. Yes, there are those fringe elements (politicians, employees of the financial sector and many others: crumbs falling […]
Economics
Shaun Richards: Who thought the ECB would be sharply raising interest-rates with Germany in recession?
This morning has brought us back to some extent to a piece of economic orthodoxy. Putting it another way something which was always really rather likely is being presented as a shock of sorts. So […]
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