In the first quarter of 2022, the EU seasonally adjusted current account of the balance of payments recorded a surplus of €16.6 billion (0.4% of GDP), down from a surplus of €52.2 billion (1.4% of GDP) in the fourth quarter of 2021 and down from a surplus of €126.4 billion (3.6% of GDP) in the first quarter of 2021.
Economics
Larry C. Johnson: Bessent Doesn’t Understand that He Can’t Weaponize the Dollar with Iran and Bank On It with China
Treasury Secretary Scott Bessent had a schizophrenic Thursday. Asked on CNBC why oil had jumped on the administration’s latest Iran threats, he professed bewilderment: “I’m not sure why oil has popped up on this.” In […]
Finance
The Week: How vulture capitalists ate Toys ‘R’ Us
Amazon may have contributed to the demise of Toys R Us , but the real killer was private equity Read here
Corruption
Politico: EU official forced to resign over energy interests
In the EU there are apparently laws that do not apply for politicians, especially when it is a question of their bank accounts. Read here
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