In the second quarter of 2022, the EU seasonally adjusted current account of the balance of payments recorded a deficit of €37.4 billion (–1.0% of GDP), down from a surplus of €8.8 billion (0.2% of GDP) in the first quarter of 2022 and down from a surplus of €104.8 billion (2.9% of GDP) in the second quarter of 2021
Economics
EU citizens force to subvention German exports as euro nears parity with dollar
Reuters: Euro falls to below 1.02 for the first time since 2002 U.S. dollar index rises to new 20-year high Swiss Franc reaches a 7-year high vs euro Yen strengthens after Japan’s inflation expectations rise […]
Geopolitics
Anatol Lieven: Keep Ukraine Out of Talks to End Its War
The Trump administration needs to engage Moscow and avoid, at first, involving Kyiv. Read HERE
EU politics
Politico – Commission ‘surprised’ by German criticism of EU-US trade deal
Even the German government is throwing the Commission under the bus, even though the deal was almost certainly only agreed to on behalf of German capital. Read the article HERE.
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