What is wrong with Europe these days is its structures and cultures have combined to create dysfunctional responses from government to crises.
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Bill Mitchell: Government goes missing in the European Union
Geopolitics
Ukrainska Pravda; Russia hits oil depot belonging to Azerbaijani company SOCAR in Ukraine, injuring employees
Russia launched five Shahed attack drones on an oil depot belonging to the Azerbaijani oil company SOCAR in Ukraine’s Odesa Oblast on the night of 7-8 August 2025, causing a fire and damaging a diesel […]
Finance
Michael Roberts: Beware the ECB bearing gifts for Greeks
In 2012 the ECB purchased massive amounts of Greek bonds from German and French banks to save them from going under, they having recklessly purchased these bonds. Greece has continued to pay interest on these, […]
Energy
Victoria Myznikova – In Russia, too, capital is painting itself green
“Given its powerful oil oligarchs, it’s easy to assume Russia is the quintessential climate denier. Yet the rise of corporate ESG policies in the country suggests Russian capital wants to greenwash just as much as […]
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