The German economy is being hit increasingly hard by the lack of orders. In October, 41.5% of companies reported a lack of orders, up from 39.4% in July. That’s the highest level since the 2009 financial crisis. “The lack of orders is continuing to hinder economic development in Germany,” says Klaus Wohlrabe, Head of Surveys at ifo. “Hardly any industry has been spared.”
Economics
Yanis Varoufakis: Bitcoin, Blockchain and the Future of Europe
In this interview Yanis Varoufakis discusses Bitcoin’s bubble, the fantasy of apolitical money and the opportunities for the blockchain to reform Europe. Read here
Corruption
Romania Insider: Corruption scandal hits biggest private university in Romania, pro-rector arrested for bribery
Once again the EU proves that the market will best regulates supply and demand. They probably were taught this by the German hegemon, where many prominent German politicians cheated to obtain their PhDs. Read here
Economics
Bill Mitchell: The Left has failed during the pandemic but not because they supported restrictions
“Where the Left has let us down is in failing to use their political voice to insist that governments accompany the lockdowns with (among other things): Full income support for workers unable to ‘work from […]
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