The first estimate for euro area exports of goods to the rest of the world in January 2022 was €199.5 billion, an increase of 18.9% compared with January 2021 (€167.8 bn). Imports from the rest of the world stood at €226.7 bn, a rise of 44.3% compared with January 2021 (€157.1 bn), driven by a further increase in energy imports.
Economics
Bill Mitchell: The last thing we need is a return to fiscal surpluses and rising household debt
The cost of living problem requires patience – we need to wait out the supply chain impediments. The fiscal support needs to be maintained to ensure we don’t kill the real side of the economy […]
Climate Crisis
Reuters: European Investment Bank postpones decision on fossil fuel lending
Why does the EU have to support Germany’s natural gas industry? Once again the “Environment Chancellor”, Angela Merkel, has only one goal: increasing profits for corporations. Read here
Economics
Warren Mosler, Stuart Medina Miltimore – Rendezvous in Mallorca
An excerpt from a lengthy interview in October 2021including topics such as inflation, interest rates, employment, tax, the trillion-dollar coin and the future of MMT. Read here
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