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
Al Jazeera: Poland seeks $1.3 trillion in WWII reparations from Germany
The German hypocrites are once again pleading rule of law. That didn’t seem to bother them much when they invaded and occupied Poland. Due to the Cold War Germany was able to avoid justice for […]
National Politics
Chris Hedges: Ukraine’s Death by Proxy
Ukraine is a pawn for militarists intent on degrading Russia and ultimately China in a self-defeating quest to ensure U.S. global hegemony. The end of this war, like most proxy wars, will be ugly. Read […]
Economics
Bill Mitchell: British Labour Conference seems to be going well
British Labour Conference and the IMF are today’s topics. Read here
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