The downward slide of the German economy continues. Production and incoming orders in German industry are still on course for recession in the first month of the third quarter. The latest sentiment indicators, such as the ifo index and the PMI markit, which were surveyed in August, point clearly downwards. So it can no longer be ruled out that the recession will continue even at a pace much faster than now.
EU politics
Chris Dillow: “The country”
Who is the nation? Chris Dillow, as so often, opens a door that we walk past every day and never ask what is behind it. Read here
EU politics
Harrison Stetler: France’s Police Unions Are Mobilizing to Defend Their Impunity
The police killing of a 17-year-old in a Paris suburb has sparked a revolt against state violence across France. But powerful police unions have closed ranks behind the killer, in a backlash that shows French […]
Austerity
Bill Mitchell: Massive Eurozone infrastructure deficit requires urgent redress
“The latest – EIB Investment Report 2017/2018 – published last week by the European Investment Bank tells anyone who cares to take those Europhile Rose Coloured Glasses off for just a second how deep the failure of […]
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