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
Geopolitics
AP: Trump’s sanctions on ICC prosecutor have halted tribunal’s work
The International Criminal Court ’s chief prosecutor has lost access to his email, and his bank accounts have been frozen. The Hague-based court’s American staffers have been told that if they travel to the U.S. […]
Climate Crisis
Ian Sinclair: We need to talk about the politics of climate experts
There is a left and right to environmentalism – and indeed a right and wrong: those who think infinite growth can continue under ‘green capitalism’ and those that face up to the truth of degrowth […]
Economics
Ann Pettifor: Central bankers, inflation “cousins” & the real threat to the global economy
“Kaye Wiggins in the Financial Times explains that private equity groups, including Blackrock, deliberately inflate the value of their own assets – by buying and then selling said assets to themselves. She shows that the […]
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