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
Paul Preston: The scars of Catalonia
This is an in-depth analysis of the current situation in Catalonia from The Spectator. Read here
Climate Crisis
Good News Network: 4 Major Asian Nations Cancel 80% of Planned Coal Power Projects After Fossil Fuel Market Crashes in 2020
While the EU is continuing its coal policy for almost another 20 years, many Asian nations – not China – are changing course. Odd, they did a much better job of dealing with COVID as […]
Economics
Bill Mitchell: A debt jubilee is the only way low-income nations will escape the penury of debt distress (and the IMF/World Bank)
There is something deeply wrong with the world under Capitalism when the poorest countries in the world pay more out on debt servicing to loans that the wealthy countries have provided than they do on […]
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