In effect, the EU has embraced a hyper-mercantilist, export-driven growth model, prioritising trade surpluses over internal economic development. This approach has come at the expense of both its own citizens, who face stagnating wages and underfunded public services, and its trading partners — most notably the United States — who have absorbed the EU’s export surpluses as part of an increasingly unbalanced global economic relationship.
EU politics
Adam Tooze – Chartbook 356: Deutschland 2025 – A live (and complicated) democracy
Analysis of the German election result. In Adam Tooze’s Substack. Read the article HERE.
Economics
Adam Tooze – A “house of cards”? Russia’s war economy in 2025.
Commentators in The FT are desperate to wish into existence a financial crisis in Russia, but the reality is that Russia is surviving Western sanctions. In Adam Tooze’s ‘Chartbook’ Substack. Read the article HERE.
Geopolitics
Politico – EU’s game plan for Trump trade war: ‘Hit back fast and hard’
The EU has a plan to respond to tariff’s imposed by a Trump administration if he wins the election in a couple of weeks’ time. Whether it will work or not is another matter. Read […]
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