Optimism at the beginning of the year was probably premature. Manufacturing output fell sharply in January in France, confirming that industry is currently in a strong slowdown phase, which is likely to continue over the coming months. So much for the EU’s growth prognosis.
Finance
Irish Examiner: Eight of top 100 multinationals pay no tax on profits
See the link above. These numbers from the article say it all: “Eight of the 100 companies with the highest taxable income had effective tax rates of zero, including some which had negative rates — […]
EU politics
Jewish Currents: The Strange Logic of Germany’s Antisemitism Bureaucrats
An army of antisemitism commissioners was supposed to help Germany atone for its past. Critics say it is evidence of a memory effort gone haywire. Read HERE
Finance
Charis Marantzidou – Hard Currencies
Bulgaria has joined the Euro and the public don’t seem very happy about it – no wonder. In New Left Review’s ‘Sidecar’. Read the article HERE.
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