Producer prices in Germany are now also in free fall. After high minus rates were recorded in Spain and Italy in the previous months, the statistics for July also show minus six percent for Germany. And that is only the beginning. Even if this indicator does not continue to fall month after month until September (which it has done regularly in recent months), the figure for August and September will be around minus 15 percent.
Erdoğan was re-elected in the Turkish presidential run-off because of his opponent’s “limp and uninspiring programme”, which sought to return Turkey to a past that is gone. In New Left Review’s Sidecar. Read the article […]
Yesterday turned out to be quite a day in central banking terms. There is much to say about my home one as in the Bank of England, but the truth is that even the extraordinary […]
The EU is watering down its tepid ecological reforms as energy prices soar. Read the article HERE.