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.
EU politics
The Intercept: Leaked Reports Show EU Police Are Planning a Pan-European Network of Facial Recognition Databases
If state terrorism has become de rigueur in the EU, then this is of no surprise. Read here
Austerity
Jean-Luc Mélenchon – Europe must abandon these foolish Brussels treaties
Emmanuel Macron’s vision of the continent’s future fails to address the most urgent problems facing Europeans today Read here
Economics
Thomas Fazi – The EU will choke off Europe’s recovery
European states are being offered a pittance in exchange for giving up even more power to the EU. Read here
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