Anyone who says that Germany has a problem with competitiveness, that labour costs are too high or that we need to tighten our belts is contradicting the facts. Germany is still living below its means and continues to violate the rules of the EMU. Wages would have to rise more sharply than in the rest of the EMU for several years to give the other members a chance to regain at least some of the market share lost to Germany in the past.
EU politics
Ali Abunimah: German leader Olaf Scholz repeats lie about nonexistent Hamas “rape videos”
Despite it being definitively exposed as a lie, Chancellor Olaf Scholz has become the latest German leader to assert that Hamas fighters filmed themselves raping Israeli women on 7 October. In fact, according to Israeli […]
Economics
Iain Macwhirter: Carillion and the RBS ‘hang themselves’ memo proves it’s all over for neoliberalism
“This era of capitalism is already a dead parrot.” Thus ends the article. All before it is just as straightforward – and that in a newspaper that is not lefitst! Read here
Economics
L. Randall Wray: If Government Can Print Money, Why Does It Borrow?
Recently, the neglected question of why the US government borrows, given that it can print money, has arisen in the context of discussions surrounding a new documentary, Finding the Money. As L. Randall Wray observes in […]
Be the first to comment