The German current account surplus of probably 7 per cent of GDP in the current year is an unparalleled scandal. However, it becomes a real political catastrophe when Germany accuses countries that have fairly balanced balances, such as China, or even high current account deficits, such as the USA, of mercantilism when they defend themselves against the actual mercantilists.
EU politics
Politico: Denmark fires defense chief after warship malfunctions in Red Sea Houthi battle
This follows a German warship where the radar system also failed and it inteneded to shoot down a US drone. Fortunately the German Warship’s missiles misfired and simply fell limply into the sea. The Germans […]
Finance
El País: Spain’s Labour Inspectorate forces Amazon to give 4,000 false freelancers work contracts
The online retail giant will also have to pay €6.16 million in Social Security contributions that were not paid while the staff were providing delivery services to the multinational Read here
Austerity
Désobéissance Ecolo Paris – Happy Birthday, Youth Climate Movement
Paris climate protesters smash their way into HQ of Black Rock – the world’s largest fund managers – and vandalise offices in latest act of violence directed at Emmanuel Macron Protesters redecorated BlackRock offices in […]
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