We have written for years that DeStatis is politicised and produces results that support the government. Another quarter of decline would have been unbearable for the Germans as it would have marked a recession. This happens every time. We predicted this result.
EU politics
Fortune: Ex-Deutsche Bank, Nomura Officials Get Jail Time in Monte dei Paschi Collusion Case
How could this have happened? On the other, this ain’t over until…. Read here
Economics
Kyiv Independent: Trump calls on NATO to raise defense spending to 5% of GDP
As the EU already faces massive budget deficits, this would mean major cuts in expenditures for infrastructure, social services, eductation, and health services. The price for US hegemony Read HERE Berlin, Germany
Economics
Adam Tooze: The Death of the Central Bank Myth
For decades, monetary policy has been treated as technical, not political. The pandemic has ended that illusion forever. Read here
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