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.
Geopolitics
Gideon Levy: The IDF’s Own Sickening ‘Zone of Interest’ in the Heart of Gaza
Here’s some good news coming straight from the killing fields: The Israel Defense Forces has built a holiday village on the Gaza coast. Sgt. Yaron Rabinovich ate some churritos and steak there earlier this week. […]
Economics
Michael Roberts: Back to Front
Is it supply that drives an economy or demand? Read here
Geopolitics
Politico – Using Russian assets to fund Ukraine looks ‘increasingly difficult,’ says EU top diplomat
Is there any scheme which the European Commission has tried against Russia over the past four years which hasn’t back-fired? Every time Brussels tries to do something it only ends up exposing their own weakness. […]
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