In the third quarter of 2022, the EU seasonally adjusted current account of the balance of payments recorded a deficit of €90.2 billion (–2.3% of GDP), down from a deficit of €40.3 billion (–1.0% of GDP) in the second quarter of 2022 and down from a surplus of €74.3 billion (+2.0% of GDP) in the third quarter of 2021
Geopolitics
The Cradle: Trump waves white flag, ends Yemen war in Omani-mediated truce
Israeli leaders were reportedly caught off guard by Trump’s capitulation, which came as Ansarallah officials pledged to retaliate strongly for the destruction of Sanaa International Airport by Tel Aviv Read Article HERE
Economics
Bill Mitchell: RBA rejects theory that interest rate rises cure Covid and make trucks go faster
“There was an important speech delivered by the Governor of Australia’s central bank today that reveals the reasons that the RBA is once again refusing to be bullied into increasing interest rates rises by the […]
EU politics
Business Review – Anti-judiciary laws protests in Romania: Tens of thousands call for resignation of government
While we are inundated by reporting in the mainstream press concerning judiciary reforms in Poland, oddly few people know that something similar is occuring in Romania, although in Romania there is much more popular participation […]
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