Bad new for a mercantlist economy that is not growing: In December 2022, German exports were down by 6.3% and imports by 6.1% on a calendar and seasonally adjusted basis compared with November 2022.
Geopolitics
Al Jazeera – Trump says US will become ‘guardian’ of Strait of Hormuz and collect tolls
Fantasy stuff, but what it does achieve is undermine Western opposition to Iran charging for safe passage in the Strait. Read the article HERE.
EU politics
Luke Stobart: Why Podemos and els Comuns have so far failed the Catalan fight
It is too seldom that someone from the left writes a constructive analysis concerning practical problems the left is having. Read here Ada Colau Ballano has become a cause célebrè among many environmental activists internationally.
Economics
DeStatis – Germany: Government deficit increased to 42.1 billion euros in the first half of 2023
This is especially worrying as revenues should have increased much more due to inflation. The year-on-year increase in the financial deficit seen in the first half of 2023 is mainly due to a sharp increase […]
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