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
Climate Crisis
Scotonomics – MMT and the Climate Movement
MMT and the Climate Movement Modern Monetary Theory (MMT) discusses fiscal space—the ability for governments to create currency and spend on the public purpose—not in monetary terms but in functional terms: the question is not […]
Energy
Friends of the Earth: EU Commission slammed for backing gas projects during COP26
New list of 30 priority energy projects worth €13 billion a danger to climate and people say NGOs Read here Creative Commons Attribution-Share Alike 4.0 International license
EU politics
Portugal’s Socialists toast ‘biggest ever’ election win
From Politico The Portugese Socialist Party won an impressive electoral victory following its easing of austerity. Danger lurks, however, as the two far left parties in coalition with the Socialists, crucial in driving anti-neo-liberal policy, […]
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