Sentiment among German companies has deteriorated further at the beginning of the year. The ifo Business Climate Index fell to 85.2 points in January, down from 86.3 points in December. Companies assessed their current situation as worse. Their expectations for the months ahead were also once again more pessimistic. The German economy is stuck in recession.
EU politics
Philipp Leitner, Julia Zöchling: With or Without Hungary
By December this year the European Council must vote on the EU Commission’s proposal to withdraw budgetary funds from Hungary under the Rule of Law Conditionality Regulation. Read Here Photo: Ank Kumar
Economics
Evonomics – Anat Admati: It Takes a Village of Media, Business, Policy, and Academic Experts to Maintain a Dangerous Financial System
A mix of distorted incentives, ignorance, confusion, and lack of accountability maintain a dangerous financial system Read here
Economics
Bill Mitchell: Scotland: a nation cannot be independent and use another nation’s currency or even peg to it
Scotland’s corrupt SNP political class is planning to maintain its neo-liberal entitlements by continuing using the British Pound after independence Read here
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