In the fourth quarter of 2021, the EU seasonally adjusted current account of the balance of payments recorded a surplus of €49.6 billion (1.3% of GDP), down from a surplus of €69.6 billion (1.9% of GDP) in the third quarter of 2021 and down from a surplus of €125.4 billion (3.6% of GDP) in the fourth quarter of 2020
Economics
Bill Mitchell: Operationalising core Modern Monetary Theory principles – Part 2
This is the second and final part of this cameo set, which aims to clear up a few major blind spots in peoples’ embrace with Modern Monetary Theory (MMT). Read here
Economics
Thomas Piketty: Confronting war, rethinking sanctions
If an ordinary Russian loses half of his pension or salary because of the fall in the rouble and inflation caused by the sanctions, then there is no recourse, no court where he can complain. […]
Climate Crisis
Transport & Environment: In tests, cars powered by e-petrol pollute the air as much as petrol
Running cars on e-fuels, which have been touted as a way to prolong the life of the internal combustion engine, will not alleviate air pollution problems. Read here
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