On March 6, the Special European Council saw 27 leaders of the European Union discuss the Russia threat and promote a strategic vision of disconcerting militarism. European Commission President Ursula von der Leyen had announced two days earlier that Europe had to spend more and indulge its various arms industries with greater attention than before. The ReArm Europe plan entails various measures intended to free up to EUR 800 billion in defence funding. This will entail something distinctly at odds with the standard EU mantra on balanced budgets: using the escape clause of the Stability and Growth Pact to bypass the Excessive Deficit Procedure.
Austerity
Ashoka Mody: Italy’s Budget Isn’t as Crazy as It Seems
EU officials must recognize that the country needs stimulus. Read here
Finance
Nick Shaxson: If tax havens scare you, monopolies should too. And vice versa.
An excellent article, although rather long. So if you have an hour on the weekend to dedicate to erudition read HERE
Economics
Jason Hickel: Progress and its discontents
The world has never been better. From global poverty to inequality between nations, all the indicators are showing progress. This is a comforting narrative – popularized by the likes of Bill Gates and Steven Pinker. […]
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