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
Paul De Grauwe and Yuemei Ji: Financial engineering will not stabilise an unstable euro area
If you can get through it, there are some interesting points made. Read here
EU politics
Chron: French pension reform architect resigns as strikes drag on
French President Emmanuel Macron’s government suffered a major blow Monday when the key architect of the pension overhaul resigned over alleged conflicts of interests, on the 12th day of transport strikes against the planned changes. […]
Environment
ICCT: On-road diesel vehicles responsible for nearly half of the deaths from air pollution from vehicles
EU cities are especially affected by diesel cars. EU hegemon Germany is the EU hegemon will block meaningful laws to protect EU citizens. The profits of German car corporations are more important. Read here
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