An excellent analysis: “Profit shifting by multinational corporations doesn’t distort Ireland’s balance of payments; it constitutes Ireland’s balance of payments.”
Read here
Brad Setser: Tax Avoidance and the Irish Balance of Payments
Austerity
Bill Mitchell – As you were Greece – remain in permanent depression – commitments are commitments!
Depressing reading, but as you would expect of Bill Mitchell, well documented. Read here
Economics
Joseph Politano: The EU’s Different Inflation Problem
Europe Has A Different Inflation Problem Than the US—One that Demands a Different Solution Read Here
Economics
euronews – German Recession: Germany’s unemployment rate rises to highest level in almost a decade
The unemployment rate in Germany reached its highest level since February 2015 at the start of the year, according to new data from the Federal Employment Agency (BA). Read HERE
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