Sometimes it is incredibly difficult to draw clear conclusions from simple facts because people have become so firmly entrenched in a particular world view that anything other than this picture does not exist. If, for example, a member of the ECB’s Executive Board were to take a closer look at the USA, they would be astonished to realise that a decline in inflation rates has also set in there, which, if you believe in the ECB’s theories, should not actually be happening.
Finance
Charis Marantzidou – Hard Currencies
Bulgaria has joined the Euro and the public don’t seem very happy about it – no wonder. In New Left Review’s ‘Sidecar’. Read the article HERE.
Economics
Reuters: Germany cashes in on record-low yields, earns 4 billion euros with new bonds
How do they finance it? By borrowing at negative rates. Read here
EU politics
Politico: Irish parliament rejects EU-Mercosur deal in symbolic vote
Motion calls on Dublin to vote down major South American trade deal at EU level. Read here
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