The Armenians’ “greatest error” was “to give in to a fatal hubris of thinking they could create a ‘Greater Armenia’ on territory emptied of the people who had lived there”, wrote the historian Ronald Grigor Suny. The irredentist ideology which was legitimised in the Nineties would be Armenia’s downfall.
EU politics
Bill Mitchell – billy blog: Jean-Claude Juncker in denial and somewhat delusional
With regard to EU-Commission President jean Claude Juncker’s speech concerning the future of the EU last week Mitchell writes: “Juncker’s speech displayed the usual mixture of hubris, denial and error-prone behaviour that has defined his […]
Economics
Eurostat: Third quarter of 2022 EU current account deficit grows to €90.2 bn
In the third quarter of 2022, the EU seasonally adjusted current account of the balance of payments recorded a deficit of €90.2 billion (–2.3% of GDP), down from a deficit of €40.3 billion (–1.0% of […]
Economics
Ms Merkel’s shrewd programme for a depression
Let people’s incomes fall so that they spend less. Just give money to international corporations so that they can buy back their shares, pay dividends and boni, and make donations to political parties and provide […]
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