This is an ominous number, especially as 2020 was a Covid year. Odd that no one is picking up on it.
Read here
Finance
German Foreign Policy: German or not at all
Berlin wants to stop Italian bank UniCredit from taking a major stake in Germany’s Commerzbank. Double standards? Read HERE Image: Commerzbank 1959
Austerity
Simon Wren-Lewis: MMT and Labour’s fiscal rule
Simon Wren-Lewis, one of the architects of the British Labour Party´s “Fiscal Rule”, replies to Bill Mitchell`s criticism (read here and here) Read here
Economics
Bill Mitchell: European growth positive but weak
Key Eurozone states are still lagging behind where they were before the pandemic. In some cases (Italy and Spain), they hadn’t even got back to pre-GFC levels of activity before the pandemic stuck. Read here
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