This looks more and more like a recession in the making. Where Germany goes, the EU follows.
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EU politics
Reuters: ECB mulls shelving rules tackling euro zone’s bad loans pile
With regard to austerity for the people, the EU wields an iron fist. When it comes to banks it will bend over backward to be obliging and generous. Read here
Economics
Bill Mitchell: The one-trick New Keynesian ponies are back in town
The deficit/debt and inflation phobes, the one-trick ponies, are increasingly coming out and attempting to force the debate back on their terms. Read here
Austerity
Bill Mitchell: German threats of exit rely on the ignorance of others reinforced by Europhile progressives
Bullying is the hallmark of politics in Europe it seems. Read here Photo: youtube
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