The first estimate for euro area exports of goods to the rest of the world in August 2022 was €231.1 billion, an increase of 24.0% compared with August 2021 (€186.4 bn). Imports from the rest of the world stood at €282.1 bn, a rise of 53.6% compared with August 2021 (€183.6 bn). As a result, the euro area recorded a €50.9 bn deficit in trade in goods with the rest of the world in August 2022, compared with a surplus of €2.8 bn in August 2021. Intra–euro area trade rose to €210.5 bn in August 2022, up by 34.8% compared with August 2021
Energy
ETUC- EU: ‘Cosmetic’ energy reforms won’t help workers
The European Trade Union Confederation’s press release on the European Commission’s proposals to reform the EU’s internal electricity market design. Read the article HERE.
Economics
Larry Elliot: Corbyn’s Build it in Britain plan isn’t radical – it’s what other countries do
‘Value for money’ for public contracts is a colossal failure. Labour’s leader is right: the state should support manufacturing Read here
EU politics
Reuters – Polish and Chinese presidents discuss buying Chinese COVID vaccine
After Hungary and Slovakia, now Poland is apparently purchasing the Chinese coronavirus vaccine by Sinopharm, becoming the third EU nation to abandon the failing EU vaccine programme. Read here
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