An excellent analysis: “Profit shifting by multinational corporations doesn’t distort Ireland’s balance of payments; it constitutes Ireland’s balance of payments.”
Read here
Brad Setser: Tax Avoidance and the Irish Balance of Payments
Climate Crisis
Michael Le Page: Heatwave in China is the most severe ever recorded in the world
A long spell of extreme hot and dry weather is affecting energy, water supplies and food production across China Read Here
Deregulation
James Moore: Death of an out-sourcer
James Moore in the Independent lamented that PFI is bleeding Britain’s National Health Service dry. Read here
Economics
Eurostat: Business investment decreases to 23.2% in the euro area
The EU’s V-Recovery is unstoppable! The business investment rate in the euro area decreased to 23.2%, compared with 25.3% in the first quarter of 2020, reflecting the decrease of the gross fixed capital formation by […]
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