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?
Corruption
Reuters: Italian government faces criticism over consulting contract with McKinsey over EU funds
Why does the EU need a political class if it is no longer capable of governing? To decide which consultants will do their work and then collect the kickback? Read here
Economics
Kate Mackenzie, Tim Sahay: The Gigantic Austerity Drive
We are quietly witnessing the largest shift to austerity undertaken in this century. Debt-strained developing countries are making further cuts to already ragged budgets, in many cases as they battle to meet punishing new conditions demanded by the […]
Geopolitics
German Foreign Policy: “Optimally positioned for war”
German Defence Minister Pistorius pushes ahead with organisational shake-up. The Bundeswehr continues its trajectory, first begun in 2014, towards war with Russia. Military and civilian elements to be interlocked Read HERE
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