This is exactly what we have been warning about. Firms, that pay little tax, generously support their rentier shareholders and expect the taxpayers to then bail them out.
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EU politics
Reuters: EU leaders vow to continue backing Ukraine, but make no concrete pledge
Kallas initially proposed an EU plan of 40 billion for Ukraine weapons, which Italy, France, Spain, Portugal opposed. So she came up with a new plan – 5 billion. Which has now been stalled by […]
Economics
DeStatis – Germany: Government deficit increased to 42.1 billion euros in the first half of 2023
This is especially worrying as revenues should have increased much more due to inflation. The year-on-year increase in the financial deficit seen in the first half of 2023 is mainly due to a sharp increase […]
EU politics
Colm Tóibín: ‘Catalonia is a region in the process of reimagining itself’
From The Guardian The Germans made it clear after the election of Syriza in Greece: In the EU democracy is secondary. Primary are contracts and laws. Thus two former fascist nations can now “legally” stymie […]
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