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.
Austerity
The Independent: Reject austerity to defeat populism, Portugal’s socialist prime minister António Costa tells EU
Portugal has abandoned austerity – maybe not in a radical manner – but even then the nation’s citizens and economy are faring much better than it ever did under austerity. Read here
Economics
Dani Rodrik: Why nation-states are good
The nation-state remains the best foundation for capitalism, and hyper-globalisation risks destroying it Read here
Climate Crisis
James Dyke: COP26’s final agreement is a failure and a betrayal of those most vulnerable to climate change
At this stage in the crisis, finely crafted legal documents amount to nothing more than blah, blah, blah Read here
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