In this article, we want to ask the simple question of how Argentina’s central problem, extremely high inflation, is to be tackled by the “markets”. Thereby, we use the contrasting example of Turkey, which is also much (and wrongly) discussed in the media, to show why it is almost impossible to return to moderate inflation anywhere in the world using the orthodox means of monetary policy.
Economics
Reuters – German Recession: Downturn in German manufacturing suffers fresh setback, PMI shows
The downturn in Germany’s manufacturing sector, which accounts for about a fifth of Europe’s biggest economy, experienced a fresh setback in June as output and new orders declined at a faster pace, a survey showed […]
Geopolitics
Mondoweiss: Jenin is ‘only the beginning’: Israel moves its war on Palestinians to the West Bank
Israel is continuing an offensive on the West Bank city of Jenin that analysts say is meant to appease the settler movement as it pushes the government to exert more control over the occupied territory […]
EU politics
Thomas Fazi: The triumph of the Europe’s fake populists
Draghi-Mattarella regime puts Italy at the forefront of the technopopulist revolution: a deeply disturbing mix of anti-democratic technocracy and populist demagoguery. Read here Photo: Quirinale.it
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