This will be hitting the real incomes of low-paid workers hard. Time for a tax break for rich EU citizens and corporations.
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Eurostat: Euro area annual inflation up to 8.1%
Economics
Bill Mitchell – US labour market improvement continues but there is still a long way to go
The US government should introduce substantial job creation policy initiatives. The current position of the US government has biased their stimulus spending towards the corporate sector and high income earners. Read here
Energy
Robin Roels: Green Transition at a Crossroads: EU’s critical vote on Raw Materials Regulation
Overconsumption of resources in unequal societies lies at the heart of most challenges related to the extractive industries in the contemporary world. The EU’s Critical Raw Materials Act (CRMA) should reflect that as it goes […]
Austerity
Georgios Samaras – Greece’s Broken Democracy Is a Warning for Europe
‘European authorities promote Greece as a postcrisis success story. Yet Kyriakos Mitsotakis’s right-wing government relies on spyware and the opaque use of EU subsidies — and is now overseeing a brutal cost-of-living crisis.’ In Jacobin. […]
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