Inflation continues to be on everyone’s lips. At 7.4 per cent, a rate was reached in April this year that is almost unique in the history of the Federal Republic of Germany. Only in the early summer of 1973, around the turn of the year 1973/1974 and in October 1981 was the rate of increase in the consumer price index higher than at present. The pressure on the ECB to respond with interest rate hikes is growing daily. At the same time, the proponents of a tighter monetary policy fail to provide a plausible explanation as to how and with what macroeconomic consequences interest rate hikes can bring the current price increases for imported commodities to a halt.
Corporate Europe Observatory: Cashing in on the pandemic: how lawyers are preparing to sue states over COVID-19 response measures
As governments take action to fight the COVID-19 pandemic and prevent economic collapse big law firms, too, are watching the virus. Yet, their concern is not to save lives or the economy. Instead the lawyers […]
Measures that are “temporary and exceptional” tend to become permanent. A wall is being built, military is being used against refugees, imprisonment is being legalised. Read here
Sky News: Half of France’s nuclear reactors taken offline, adding to electricity demand on European grid
So much for the reliability of nuclear powerplants. Half of France’s nuclear power plants are currently out of action, energy supplier Electricité de France (EDF) has confirmed. Read Here Photo: Gralo licensed under the Creative […]