In Europe, a third oil refinery processing Russian crude has caught fire in the past two days. According to CZNewz.Info, the blaze broke out at the Bratislava refinery, owned by the Hungarian MOL Group, which processes crude supplied via the Druzhba pipeline.
EU politics
Politico – EU readies counterstrike on Big Tech and US banks over Trump’s mega tariffs
Let’s see whether when it comes down to it, Von Der Leyen is really prepared to take on Silicon Valley and Wall Street. Read the article HERE.
Economics
Bill Mitchell: When two original MMT developers get together to discuss their work
Bill Mitchell/Warren Mosler provide a great primer on Modern Monetary Theory, and a reminder of 25 years of thinking/observation that’s gone into what’s become a precise body of work. Read here
Economics
DeStatis – Germany: Producer prices in April 2022 record +33.5% year on year
Record year on year increase. Time to raise taxes on corporations and to intorduce price controls. Read Here
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