The ECB asked for 20,000 euros from DiEM25 in legal fees because it dared to demand information that should be available to anyone. This smacks of intimidation.
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Economics
Grace Blakeley: The next recession won’t be like 2008’s accelerated crisis – it’ll be long, slow and deep
Eleven years on from the crisis of 2008, we are entering a co-ordinated global slowdown, and policymakers must not be complacent. Read here
Finance
Tax Justice Network – Making history: an end to anonymous companies in the UK’s Overseas Territories
This is a landmark decision. Despite the fact that it will be a couple of years until it can be einforced it is a belwether for the decline of tax havens Read here
Economics
CNBC: China holdings of U.S. debt fall below $1 trillion for the first time since 2010
China’s portfolio of government debt in May dropped to $980.8 billion, according to Treasury Department data released Monday. It marked the first time since May 2010 that China’s holdings fell below the $1 trillion mark. […]
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