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
Bill Mitchell: The assessment that Greece has been an ‘astonishing success’ beggars belief
Running primary surpluses when 25 per cent of the population live in poverty does not appear to be an outcome one should boast about. Read HERE
Economics
Eurostat: GDP up by 0.1% in the euro area and stable in the EU
Eurostat claims that GDP up by 0.1% in the euro area and stable in the EU. How did they do it? Just look at Ireland and its tax avoidance economy. 15.7% growth in Q4. The […]
EU politics
Reuters: Brussels threatens to hit Hungary’s economy if Orban vetoes Ukraine aid – FT
‘The European Union will sabotage Hungary’s economy if Budapest blocks fresh aid to Ukraine at a summit this week, under a confidential plan drawn up by Brussels, the Financial Times reported on Sunday.’ Read the […]
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