The German economy is being hit increasingly hard by the lack of orders. In October, 41.5% of companies reported a lack of orders, up from 39.4% in July. That’s the highest level since the 2009 financial crisis. “The lack of orders is continuing to hinder economic development in Germany,” says Klaus Wohlrabe, Head of Surveys at ifo. “Hardly any industry has been spared.”
Austerity
Red Pepper – Costas Lapavitsas: Socialism starts at home
Michael Calderbank speaks to Marxist economist Costas Lapavitsas ahead of the publication of his provocative new book The Left Case Against the EU Also read our review of Costas Lapavitsas´s newest book “The Left Case Against the […]
National Politics
Ben Wray: The Breakdown of Neoliberal Globalisation Is the Root Cause of Britain’s Political Crisis
Review of a new book on Britain’s decade of political turmoil Read the article HERE
Geopolitics
Turkish Minute: German gov’t to restart large-scale arms exports to Turkey
The German government for the first time in years has given a green light for the large-scale export of arms worth several hundred million euros to NATO ally Turkey, according to a report on the […]
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