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
Economics
Positive Money: The ECB’s plan to “normalise” monetary policy is worse than unclear
The ECB keeps repeating that it is on a path of monetary policy “normalisation”. But what is behind this phrase and why does the ECB like it so much? I argue that it currently functions […]
EU politics
Spectrum News 1: EU lawmakers lift the immunity of 3 Catalan separatists
The Catalan leaders should seek political asylum in Britain Read here
Austerity
Shlomo Ben-Ami: The Threat to Western Democracy Starts at Home
Ben-Ami picks up a number of threads an weaves them together skilfully. These are the usual distractions by political elites enforcing neo-liberalism as they notice that they are losing power. We are seeing the same […]
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