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
Globalisation
The Washington Post: Short on time, Biden sought new Ukraine tank plan to break stalemate
How the US and Germany reached that tank deal. Amid growing discord, a new proposal and a week of nonstop negotiations finally resolved the dispute, as Germany relented on Leopards and the US pledged (eventually) […]
Deregulation
The Guardian: East coast mainline to be temporarily renationalised
Privatisation of Britain’s railways has cost taxpayers and passengers billions of Pounds, thousands of jobs, not to mention the awful service. If this can be done with East Coast Mainline, why not with the other […]
Economics
Nick Shaxson: Tax justice and the coronavirus
The Covid-19 Coronavirus pandemic is, at least on available evidence, striking rich western countries the hardest so far. Lower-income countries will be hit hard too, however: massive capital flight is already underway. And in all […]
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