Friedrich Merz, Germany’s new chancellor, is the worst possible man for the job. Throughout his career, he has held a dogged commitment to a neoliberal ideology that has destroyed Europe’s social fabric.
Austerity
Politico – EU goes easy on France’s Bayrou as he tries to plug €53B black hole
Yet more evidence that the EU’s ‘budget rules’ are wholly political – when it’s government’s Brussels doesn’t like, they are iron-clad, when it’s government’s Brussels does like, they are broad guidelines. Read the article HERE.
Economics
Bill Mitchell: So-called ‘Team Transitory’ declared victors
We had one central bank – the Bank of Japan – defying the consensus of central banks, the IMF, and taking on the financial markets and holding interest rates unchanged for the duration of this […]
Economics
Trading View: Volkswagen to slash 50,000 jobs as profits plunge 50% and tariffs bite
Volkswagen will cut 50,000 jobs in Germany by 2030, following a sharp decline in profits and mounting pressure from US tariffs, weaker demand in China and North America, and higher costs associated with electrification. Read […]
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