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.
Economics
Ashoka Mody: The euro area’s deepening political divide
An excellent analysis of what is currently going wrong in the Eurozone – about which the Euro-elite is in denial. Reality is however catching up with them as Ashoka Mody explains. Read here
Climate Crisis
The Guardian: Global food system is broken, say world’s science academies
Radical overhaul in farming and consumption, with less meat eating, needed to avoid hunger and climate catastrophe Read here
Austerity
Thomas Piketty: Towards a Union in the Union
“The threat to the world today is not a trade war but a social war, conducted by means of aggressive policies of fiscal dumping which benefit the wealthiest and the most mobile.” Read here
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