The first estimate for euro area exports of goods to the rest of the world in July 2022 was €235.5 billion, an increase of 13.3% compared with July 2021 (€207.8 bn). Imports from the rest of the world stood at €269.5 bn, arise of 44.0% compared with July 2021 (€187.1 bn). As a result, the euro area recorded a €34 bn deficit in trade ingoods with the rest of the world in July 2022, compared with a surplus of €20.7 bn in July 2021. Intra–euro areatrade rose to €224.8 bn in July 2022, up by 24.0% compared with July 2021
EU politics
Reuters: Poland files complaint with EU’s top court over copyright rule change
Poland has submitted a complaint to the European Union’s top court against copyright rules adopted by the bloc in April to protect Europe’s creative industries, which Warsaw says may result in preventive censorship. Read here
Austerity
George Monbiot: Look to Sheffield: this is how state and corporate power subverts democracy
The destructiveness and reach of neo-liberalism is made clear in this piece by George Monbiot. It is a question of felling some trees in the city of Sheffield in the UK, but one can see […]
Economics
DeStatis – German Recession: New orders in manufacturing in May 2024: -8.6% year on year
New orders in manufacturing: May 2024 (in real terms, provisional): -1.6% on the previous month (seasonally and calendar adjusted) -8.6% on the same month a year earlier (calendar adjusted) April 2024 (in real terms, revised): […]
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