Anyone dealing with absolute figures must always be careful. Reports are currently coming in from all over the country that China’s trade surplus has reached a record high of 1,000 billion dollars. Many media outlets consider this to be big news (here ), and French President Macron, during a visit to China, told the Chinese that their trade surplus was unsustainable and threatened them with European trade restrictions.
Austerity
Bill Mitchell: Euro area inflation is not accelerating out of control
“When I say that I think the inflationary pressures are transitory, one shouldn’t conclude that means they are short-lived.” Read here
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AP – May Day: World’s workers rally, France sees pension anger
Report in AP on May Day protests across the world, focusing on France, where workers continue to resist President Macron’s new pension law. Read the article HERE.
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German Foreign Policy: Attack on Ireland’s neutrality
In Ireland, protests are growing against the government’s efforts to abolish the Triple Lock, an instrument to secure the country’s neutrality: EU militarisation now extending to Dublin Read Article HERE
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