The sentiment among companies in Germany is on a downward trend. The ifo Business Climate Index fell from 87.0 points in July to 86.6 points in August. Companies assessed their current situation as worse. In addition, expectations were more pessimistic. The German economy is increasingly falling into crisis
Economics
Yilmaz Akyüz: Crisis alla Turca
Long but interesting analysis of the current state of the Turkish economy. Read here
EU politics
Bill Mitchell – Britain’s austerity costs are larger than any predicted Brexit losses
“New data now allows us to compute the losses arising from the deliberate strategy of fiscal austerity that the Government has pursued. Guess what? They appear to dwarf all the Project Fear estimates of losses […]
Finance
German Foreign Policy: German or not at all
Berlin wants to stop Italian bank UniCredit from taking a major stake in Germany’s Commerzbank. Double standards? Read HERE Image: Commerzbank 1959
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