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.
EU politics
Samuel Charap: An Unwinnable War
As the long-awaited counteroffensive begins, here’s a piece in Foreign Policy which spells out the reality: Ukraine can’t win this war, and there will either be a negotiated settlement sooner or – after much more […]
Economics
Zack Exley, Robert Hockett: Inflicting pain on workers to fix inflation isn’t just unfair. It’s stupid, ineffective, and completely unnecessary
Just last year, economists and policy-makers were still debating whether inflation was worth worrying about. Some argued that it would be a transitory phenomenon with little real impact on working Americans. Others suggested that things […]
Geopolitics
Middle East Eye: UK’s Labour ‘backtracks’ on decision to drop objection to ICC arrest warrants
Earlier reports suggested the UK would drop its objection to an application for warrants targeting Israel’s PM Benjamin Netanyahu for war crimes. Read HERE
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