Over the past year, Russia has cut gas exports to the EU by 75%, violating long-standing supply contracts. Yet the EU is paying as much for Russian gas as it did before prices rose last autumn, shows new research from the Centre for Research on Energy and Clean Air (CREA), which has been tracking EU gas payments and flows.
Austerity
CNA: French travellers face train disruption as pension strikes go on
Two weeks of nationwide industrial action against President Emmanuel Macron’s planned overhaul of the pension system have disrupted railways and roads, shut some schools and brought more than half a million people onto the streets. […]
Economics
Franco Galdini : Want to understand industrialisation in resource-rich countries such as Uzbekistan? Read Marx (and Iñigo Carrera)
The commodity supercycle of the 2000s and 2010s gave rise to a rich debate in the academic literature about the possibility for resource-rich countries to muster the primary commodity price bonanza for development. As in […]
Economics
Bill Mitchell: With central banks chasing shadows, many nations are now plunging towards or into recession
We are now entering phase 2 of the New Keynesian policy folly. Phase 1 – was the rising interest rates to fight an inflation that was not interest-rate sensitive. Phase 2 – run policy so […]
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