The downward slide of the German economy continues. Production and incoming orders in German industry are still on course for recession in the first month of the third quarter. The latest sentiment indicators, such as the ifo index and the PMI markit, which were surveyed in August, point clearly downwards. So it can no longer be ruled out that the recession will continue even at a pace much faster than now.
Economics
Common Space: John McDonnell’s Ownership Fund, The Meidner Plan and the gradual transition to socialism
This is an interesting piece, especially providing a good insight in the Meidner Plan (if you do not know it, it alone is worth the read) and the Swedish economy . Read here
EU politics
German Foreign Policy: An EU defence force for Ukraine
EU: growing pressure to deploy soldiers on Ukrainian soil. Berlin so far preferring an intervention scenario with air defence systems stationed in Poland and Romania. Read HERE Photo_ Auswärtiges Amt of the German government
EU politics
German Foreign Policy: How to Create Refugees
A central theme of Chancellor Angela Merkel’s tour of African countries, which began yesterday, will be the expansion of the EU’s defense against refugees. As government circles confirmed, following Merkel’s talks yesterday in Senegal, she […]
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