The climate crisis is real. It’s not a drill. If we do nothing, Barcelona and the planet will become uninhabitable for future generations. In an effort to prevent that happening and mitigate the effects of the climate crisis in the city, Barcelona City Council has declared the Climate Emergency, with an action plan and a budget of 563 million euros to implement a hundred different measures. The goal is to halve greenhouse-gas emissions by 2030 in comparison to levels recorded in 1992, and to cut CO2 emissions by two million tonnes.
Economics
Bill Mitchell: The coronavirus will redefine what currency-issuing governments can do – finally
The ideologues are giving way to the pragmatists in the policy space Read here
Finance
Shaun Richards: The Novo Banco saga has been one of misrepresentation and woe
Ín 2014 Portugal’s Central Bank bailed out the Banco Espírito Santo, S.A with 4.4 Billion Euros. Banco Espírito Santo, was, as so often the case when banks are “saved”, split into a bad bank with all […]
Austerity
Bill Mitchell: Oh Scotland, don’t you dare!
Because the Scottish natioanl Party is for independence from Britain, the Scots think the SNP is a letist party. Odd, the party has never passed leftist policy into law, although they control the Scottish parliament. […]
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