A Commerzbank merger would make a mockery of the EU’s hopes to avoid lenders that are “too big to fail” – and the bloc’s plans for a banking union.
Read here
Economics
Yilmaz Akyüz: Crisis alla Turca
Long but interesting analysis of the current state of the Turkish economy. Read here
Geopolitics
+972 Magazine/Local Call: Inside Israel’s torture camp for Gaza detainees
Palestinians arrested in the northern Gaza Strip describe how Israeli soldiers systematically abused civilians and combatants alike, from severe deprivation to brutal physical violence Read HERE
Finance
James K. Galbraith: Modern Monetary Theory – Is there a better model to explain economics in the Trump era?
MMT is about the way the world actually works. It explains why big deficits do not drive up interest rates or “crowd out” private investment, and why big governments in big countries don’t go bankrupt. […]
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