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.
Finance
Chris Dillow – Stumbling and Mumbling: Capitalism’s bad incentives
Capitalism contains many dysfuntional incentives – ones that constrain innovation and encourage rent-seeking. Read here
Deregulation
Corporate Europe Observatory – Deregulation Watch
A useful resource to keep an eye on what the European Commission is up to with it’s deregulation agenda. Read the article HERE.
Economics
Isabella M. Weber, Tom Krebs: What Germany’s Economy Really Needs
Merz’s Plans for Rearmament and Austerity Won’t Work Read Article HERE
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