The lockdown extension will require almost the entire financial arsenal of the government, which in the first quarter of 2021 will supply some 6.5 billion euros in liquidity of out of a budgeted total of €7.5 billion for the entire year.
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Corruption
DB Post: 5 Oil and gas giants spend over 250 million euros on EU lobbying, say green groups
The five biggest publicly listed oil and gas companies and trade groups representing them spent more than 250 million euros lobbying the European Union to influence climate action since 2010, environmental groups reported. Read here
Finance
Resolution Foundation: We’re getting poorer, but it’s not (just) Brexit
In Britain the household income per person has fallen in each of the past four quarters. Matthew Whittaker is of the opinion that Brexit is not the only reason for this. Read here
Finance
Renegade Inc: A Universal Basic Income is capitulation to capitalism
While sovereign governments (those that issue their own currency) can certainly afford a UBI, simply throwing money at a problem, instead of addressing its root cause presents serious concerns. Read here
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