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.
Austerity
Frances Coppola – Greece: The Greatest Depression
The Greek people have just lived through a Depression as deep as the Great Depression and considerably longer. It is now the greatest recorded peacetime Depression. Read here
Austerity
Chris Dillow: Tories’ structural stupidity
This may be the UK, but it sounds like a number of other nations in Europe. The three lead candidates at the previous German election Scholz, Laschet, and Baerbock would all be right in there […]
Corruption
DW: Murder of Jan Kuciak: 13 judges arrested in Slovakia
Odd, it was the justice systems in Poland and Hungary the EU was examining. Corruption appears to be compatible with the EU concept of justice. Spain’s justice system is also a disaster, but hey ho, […]
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