In the first quarter of 2022, the EU seasonally adjusted current account of the balance of payments recorded a surplus of €16.6 billion (0.4% of GDP), down from a surplus of €52.2 billion (1.4% of GDP) in the fourth quarter of 2021 and down from a surplus of €126.4 billion (3.6% of GDP) in the first quarter of 2021.
Economics
DeStatis – Germany: Manufacturing in August 2023: stock of orders -4.7% year on year
Germany’s recession continues. The government plans to introduce austerity measures and increase VAT for energy and restaurants, which will probably worsen this trend. Read HERE
EU politics
Nathaniel Flakin – German Elites Are Redefining Antisemitism so They Can Be the Victims
‘Berlin’s cultural senator has announced that public funding for artists will depend on a loyalty oath for Israel. This has nothing to do with fighting antisemitism — it’s a smokescreen to cover the German establishment’s […]
National Politics
DW: Leftist Boric set to become new Chile president as Kast concedes defeat
Chile has been spared the fate of Brazil as it elects a progressive president. A new constitutive was already in the making to replace the one created by the dictator Pinochet. The question is if […]
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