Some very interesting data on car sales in Europe. Truly worth looking at.
Read here
EU politics
Brad Setser: Tax Avoidance and the Irish Balance of Payments
An excellent analysis: “Profit shifting by multinational corporations doesn’t distort Ireland’s balance of payments; it constitutes Ireland’s balance of payments.” Read here
Economics
Financial Post – Germany’s 10-year yield falls below 0% as traders slash ECB hike bets
Well, there will be a lot of German politicians who are going to be very disappointed, not to mention Hans-Werner Sinn, who still again got things wrong. Read Here
EU politics
Politico: Majority of Western companies doing business as usual in Russia, study finds
Only about 8 percent of EU firms have divested from Russia, with the majority of Western firms still active in the country being German. Read the article HERE.
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