This is always a problem for a mercantile nation and support the IMF prediction of a developing world recession
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DeStatis – Germany: Exports to non-EU countries in December 2022: expected decrease of 9.6% on November 2022
Geopolitics
Middle East Eye: Attorney general says UK must be sure arms sold to Israel not used illegally
The review into arms sales to Israel is ongoing, amid reported Foreign Office struggles about differentiating weapon types Read HERE
Austerity
Bill Mitchell: Either the Eurozone as we know it is dead or Italy goes out – latest research
Research finds that if the technocrats start forcing Italy into austerity measures via a return to the Excessive Deficit Mechanism (and enforcement of the Stability and Growth Pact fiscal rules) then the majority of Italians […]
Climate Crisis
Bill Mitchell – The concept of degrowth remains underspecified – reform or revolution?
Marx’s long discredited notion of the – Tendency of the rate of profit to fall – as an intrinsic feature of Capitalism, which he believed would eventually bring the system asunder, is likely to be […]
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