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
Antonia Zimmermann – Europe’s ‘century of humiliation’ could be just beginning
Donald Trump is using America’s military and technological superiority to force one-sided deals on Europe. Read Article HERE This file is from the Audiovisual Service website of the European Commission and is licensed under the […]
Finance
Richard Murphy: Accountancy needs to open its mind to the alternatives to what it thinks normal
Accountancy needs to open its mind, a great deal more than it is at present. The world faces the most enormous challenges created by a so-called ‘normal’ economy that is very clearly abnormal, and failing. […]
Economics
Ann Pettifor: Irish house prices sky-high due to finance not scarcity
This all sounds frightfully familiar. It is a problem that currently extends through much of Europe. Read here
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