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.
Economics
Bill Mitchell: When wages go up, we all benefit – what Starmer should have said
Labour is now the party of business, not the worker. What does that make the Tories? Read here Attribution 3.0 Unported
Austerity
Yanis Varoufakis: Greece was never bailed out – it remains a debtor’s prison and the EU won’t let go of the keys
It is odd that the EU still is trying to maintain its lie of “We saved Greece”. How can the EU lead Europe when it has lost all moral authority? Read here
Economics
Wolfgang Münchau: Britain’s economic crisis is a warning to the world
This is a sign of a failed fiscal orthodoxy Read Here
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