Italy voted last Sunday in a way that should deeply frighten all those who still feel a touch of responsibility for Europe in them. But nothing of the sort can be observed in German politics or the public. One merely sees one’s own prejudices confirmed and reflexively admonishes Italian politics to finally turn to the path of virtue that Germany has long been charting. The fact that this election in Italy was preceded by a long process of disappointment and frustration about the behaviour of the most important European neighbours is simply ignored.
Economics
DeStatis – German Recession: Exports to non-EU countries in May 2024: expected decrease of 2.3% year on year
Germany is becoming increasingly dependent upon the US and losing market share in China. Read HERE
Geopolitics
Jeff Faux: Two Cheers for Isolationism
The left should be arguing that the US’s purpose is its own redevelopment—which is incompatible with global primacy. Read HERE
Energy
Greg Ford: Three months of banking profits could prevent a ‘fossil subprime’ crisis
Finance Watch’s latest report explores the impact of adjusting banks’ capital requirements for fossil fuel exposures Read Here
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