The first estimate for extra–EU exports of goods in September 2022 was €232.0 billion, up by 24.0% compared with September 2021 (€187.1 bn). Imports from the rest of the world stood at €277.8 bn, up by 48.2% compared with September 2021 (€187.4 bn). As a result, the EU recorded a €45.8 bn deficit in trade in goods with the rest of the world in September 2022, compared with –€0.3 bn in September 2021. Intra–EU trade rose to €383.0 bn in September 2022, +26.1% compared with September 2021
EU politics
Reuters: Germany offered to build LNG terminals to avert U.S. pipeline sanctions
The German government has no money to invest in renewables to replace natural gas, but a billion euro to appease Trump. A great bargain, had it worked. Erdogan costed three billion as well as election […]
EU politics
Irish Examiner: AIB to pay no corpo tax for 20 years: CEO
First the taxpayer bailed out the Irish banks. Now the Allied Irish Bank is permitted to defer taxes on these losses – for 20 years! What was that about getting screwed coming and going? Read […]
EU politics
Lorenzo Marsili: Italy’s belligerent new coalition is bad news for the EU
Lorenzo Marsili takes quite a few threads to weave a masterful tapestry depicting the current political situation in Italy. Read here
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