Germany’s Federal Constitutional Court can’t be blamed too heavily for flouting higher European law. The mindset of the country’s entire political elite needs further education on the function of sovereign indebtedness. Heiner Flassbeck is an […]
Covid-19 has sharpened the divide between landlords and tenants, and debtors and creditors. We all must ask: whose side are we on? Laurie Macfarlane is economics editor at openDemocracy, and a research associate at the […]
This is not about Anglo-Saxon economists telling Germany what to do. There are plenty of German economists who also see that the German debt brake makes no sense, and anyway economics is universal. The debt […]
A great weekend read. Do not be put off by the British context. Phil Leeke is a Faculty Member at the University of Liverpool, English Language Centre While a recent headline in the Telegraph newspaper […]
This is a powerful piece, which might make some people view the EU in its true condition: a failed union. Read here
As the world sinks into the deepest crisis in more than 100 years, we have had a succession of demonstrations of what is wrong with the structure of the European Union. Read here
Despite all the euphoric reports by the EU about a Greek economic recovery, it has always been clear that the Greek crisis will never go away and each time it returns, it will be worse. […]
As government spending surges and the economy contracts, the right says the poor must eventually pay through austerity; the left counters with proposals for higher taxes. But the true answer to “who should pay?” is: […]
Forget mutualised euro bonds. Only giant wealth transfers within the euro zone, and a cap on sovereign spreads, can reduce the shock to heavily indebted nations such as Italy over the long term. PierGiorgio Gawronski […]
From financialisation to structural oppression, Covid-19 is highlighting how dysfunctional our economic system really is. Fran Boait is Director of Positive Money Cross-posted from Positive Money Covid-19 has sent the world into turmoil. And in […]
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