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
Serban V.C. Enache – How to leave the Euro: A Practical Guide
An Interesting piece concentrating on the finacial factors. Read here
Geopolitics
DropSite News – Trump “low-keys” Iran; Netanyahu rejects BoP plan for Gaza; Ukraine kills 13 in strike targeting Russian refinery
Update on important global developments, especially in the Middle East. Read the article HERE.
EU politics
The Guardian: Clara Ponsatí accuses Spain of illegal vendetta against Catalan nationalists
The Spanish government of the conservative party has stripped the Spanish justice system of any creditability in the eyes of the international community. What will the Social Democrats do? Probably what Social Democrats always do: […]
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