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.
Economics
Aljazeera: Libya protesters storm parliament building in Tobruk
This is probably just the beginning of what we shall see much of in the future. Protesters were demonstrating against deteriorating living conditions and political deadlock, Libyan media reported. Read Here
Geopolitics
Morning Star: ICC prosecutor seeks warrants against Israeli leaders, Sinwar ‘with utmost urgency’
The Chief prosecutor of the International Criminal Court said on Tuesday that he was seeking “urgent” arrest warrants on both the Israeli and Palestinian sides in the war in Gaza. Read HERE
Finance
Tax Justice Network: OECD reform weak on corporate tax havens, harsh on poorer countries
Hopes dashed as OECD’s reform plans expected to reduce profits booked in corporate tax havens by only 5 per cent Additional tax recovered from corporate tax havens will mainly benefit richest countries, while lower-middle income […]
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