The first estimate for euro area exports of goods to the rest of the world in August 2022 was €231.1 billion, an increase of 24.0% compared with August 2021 (€186.4 bn). Imports from the rest of the world stood at €282.1 bn, a rise of 53.6% compared with August 2021 (€183.6 bn). As a result, the euro area recorded a €50.9 bn deficit in trade in goods with the rest of the world in August 2022, compared with a surplus of €2.8 bn in August 2021. Intra–euro area trade rose to €210.5 bn in August 2022, up by 34.8% compared with August 2021
EU politics
Luke Ming Flanagan: If we are heading for an EU army what does that mean for Irish neutrality?
The EU´s road from a ‘Peace Project’ to a ‘European Defence Union’ has begun. As EU military and defence spending skyrockets, Ireland’s commitment to defence co-operation compromises its neutrality, writes Luke Ming Flanagan, MEP Read […]
Finance
Vox: Elizabeth Warren wants CEOs to go to jail when their companies behave badly
If the EU introduced a similar law they would have to start a programme for building new prisons. The City of London would fill one or two, Volkswagen and Deutsche Bank one as well. Read […]
Economics
Quartz: How tax havens turn economic statistics into nonsense
A short, but interesting article that demonstrates why statistics can be completely useless (something we saw with Ireland’s GDP – Leprechaun Economics click here). Read here
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