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
Environment
Euronews – Air pollution: From Barcelona to Southampton, these are Europe’s worst cruise ports
Cruise ships stopping in Barcelona’s port causes three times as much air pollution in the city than all the cars in Barcelona combined. Read the article HERE.
EU politics
The Guardian: French PM backs new measures to ‘protect’ protests from rioters
Heard this so often before: The sound of a government faced with its demise. Read here
Economics
DeStatis – German Recession: Exports to non-EU countries in June 2024: expected decrease of 8.9% year on year
This is the lowest since April 2022 Exports to third countries (calendar and seasonally adjusted exports of goods), June 2024 58.0 billion euros -2.6% on the previous month -4.5% on the same month a year […]
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