The financial sector is hailed as the crowning glory of the UK economy. But as it blooms, everything else withers. This is true wherever the financial sector becomes dominant in the economy, similar to what happens in an oil rich nation.
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EU politics
Milford Edge: United Nations working group calls for freedom of jailed Catalan leaders
UN body demands the immediate freeing of Oriol Junqueras, Jordi Sànchez and Jordi Cuixart Read here
Economics
Stephanie Kelton: Modern Monetary Theory Is Not a Recipe for Doom
There are no inherent tradeoffs between fiscal and monetary policy. Read here
Globalisation
The Washington Post: Short on time, Biden sought new Ukraine tank plan to break stalemate
How the US and Germany reached that tank deal. Amid growing discord, a new proposal and a week of nonstop negotiations finally resolved the dispute, as Germany relented on Leopards and the US pledged (eventually) […]
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