“Too often, international economic commitments serve not to fix democratic failures at home, but to privilege corporate or financial interests and undermine domestic social bargains. The European Union’s legitimacy deficit derives from the popular suspicion that its institutional arrangements have veered too far from the former to the latter.”
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
In Norway opposition Labor Party withdraws support for oil exploration off Lofoten islands in Norway’s Arctic, creating solid majority in parliament to keep area off limits for oil. How long that will hold is anyone´s […]
Here the second part of Bill Mitchell’s Blog Read here
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