The German current account surplus of probably 7 per cent of GDP in the current year is an unparalleled scandal. However, it becomes a real political catastrophe when Germany accuses countries that have fairly balanced balances, such as China, or even high current account deficits, such as the USA, of mercantilism when they defend themselves against the actual mercantilists.
Economics
Bill Mitchell: With central banks chasing shadows, many nations are now plunging towards or into recession
We are now entering phase 2 of the New Keynesian policy folly. Phase 1 – was the rising interest rates to fight an inflation that was not interest-rate sensitive. Phase 2 – run policy so […]
EU politics
Ali Abunimah – German leaders face criminal complaint over Gaza genocide
Members of two Palestinian families have filed a criminal complaint against German leaders for aiding and abetting Israel’s genocide in Gaza. Lawyers acting on their behalf have requested that German federal prosecutors investigate Chancellor Olaf […]
Economics
Andreas Møller Mulvad and Rune Møller Stahl: The Real Denmark
An excellent, objective piece concerning the current state of Denmark and the Scandinavian nations. In the rest of Europe Scandinavia is not villified, it simply does not exist as it does not fit in the […]
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