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
Finance
Bloomberg – Deliveroo Sinks 31% in Setback to London Effort to Lure IPOs
Deliveroo Holdings Plc shares plunged as much as 31%, the worst performance in decades for a big U.K. initial public offering, dealing a blow to London’s efforts to establish itself as a hub for technology […]
EU politics
The Guardian: Wealthiest households in Westminster failing to pay extra £833 in tax
This has to be one of the most idiotic articles published in a long while – and that in the Guardian. Neo-liberalism is about winner take all. That is why the tax system is so […]
Austerity
Bill Mitchell: Britain is now free of the legal neoliberalism that has killed prosperity in Europe
Following Brexit people in Britain still have food, water, and electricity. The Pound has not collapsed. The COVID vaccine programme is up and running (despite the usual Tory corruption and incompetence). It is time to […]
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