In the third quarter of 2022, the EU seasonally adjusted current account of the balance of payments recorded a deficit of €90.2 billion (–2.3% of GDP), down from a deficit of €40.3 billion (–1.0% of GDP) in the second quarter of 2022 and down from a surplus of €74.3 billion (+2.0% of GDP) in the third quarter of 2021
Economics
Wolfgang Streeck – Overextended: The European Disunion at a Crossroads
With hindsight, one might consider Brexit, consummated after long haggling in 2020, the last, and lost, opportunity for the European Union to mend its ways and become a viable political entity, if not community.1 The […]
Economics
Politico: How Europe is funding Putin’s war
This is typical for the policies of Angela Merkel, who pushed problems into the future knowing someone else would have to solve them. And rest assured, the German hypocrites will be shouting the loudest about […]
Economics
Reuters: China’s factories reopen, only to fire workers as virus shreds global trade
A brilliant example of the spiral we are facing. Short and succinct. Everyone was praising globalisation, but apparently they do no understand it. Read here
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