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
Heiner Flassbeck, Friederike Spiecker – The ECB’s dogmatism reaches new dimensions
The price surge triggered by the pandemic in 2021 and the war in Ukraine in 2022, which primarily caused producer prices to soar, was considerably stronger (Figure 2), but the processes are very similar to […]
Geopolitics
Jason Barker, Hoduk Hwang – Saving Democracy?
Analysis of the botched coup in South Korea. In New Left Review’s ‘Sidecar’. Read the article HERE.
Economics
George Kerevan: How Modern Monetary Theory could help indy Scotland – in the short term
As in Catalonia, in Scotland the independence movement is plagued by a nationalist neo-liberal bourgeoisie trying to usurp power via an independence movement. George Kerevan belongs to the left of the Scottish Natiional Party (SNP) and […]
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