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
Thomas Piketty: What is a fair pension system?
It is perhaps time to abandon the old idea according to which reduction of inequalities should be left to income tax, while the retirement schemes should content themselves with reproducing them. Read here
Economics
Business Korea – China closes gap with Japan after 2022 car exports surpass Germany
The Korea Automobile Manufacturers Association announced on Jan. 25 that car exports from China increased 54.4 percent to 3.11 million units last year. Japan’s exports totaled 3.2 million from January to November and China came […]
Corruption
Frances Coppola: Britain’s Longest-Running Financial Scandal has come to an End
Atoning for their mortgage and pension mis-selling scams has cost the UK banks billions, but their payouts perversely kept consumer spending alive. What happens now? Read here
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