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
Austerity
Ashoka Mody: Fall of the eurozone’s saviours: Why Emmanuel Macron is following Matteo Renzi’s path to political oblivion
They inherited poorly performing economies that bred widespread social and political discontent, argues Ashoka Mody, and both leaders unwisely followed the traditional European recipe of ‘labour reforms’ Read here
Climate Crisis
Science: Ice shelf holding back keystone Antarctic glacier within years of failure
Breakup of the Thwaites eastern shelf will ramp up sea level rise Read here
EU politics
The Local de: ‘Germans are coming back’: Spaniards sceptical over return of tourists
This is incredible. Spaniards are not allowed to leave their regions except on business, although the infection rates are lower than in most of Europe. However other Europeans, even though their nation have much higher […]
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