Today’s cheer in eurozone financial markets obscures a steadily weakening economic foundation
Read here
Ashoka Mody: Greek bonds now yield less than Treasurys, and that’s as irrational as it was in 2007
EU politics
This is Money: Almost 1 in 5 of Britain’s biggest firms paid NOTHING last year – and some even got a handout from the taxman…
Almost 1 in 5 of biggest UK companies paid no corporation tax last year. The list includes Astrazenca, BP, Royal Mail, British Gas owner Centrica, British Land, Ocado, Standard Chartered and others whilst their directors […]
EU politics
Politico – US envoy to NATO questions EU’s ‘buy local’ strategy on weapons
Some EU countries haven’t got the message yet that the US military industrial complex expects bigger European Defence spending to mean bigger orders for American weapons. Read the article HERE.
Economics
Bill Mitchell: ECB operations are like the wild west and beyond democratic legitimacy
“For a monetary system that professes virtue because it is so rule-driven, the day-to-day reality is a sort of ad hoc adventure where there are no rules.” Read here
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