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
European Court of Auditors: “Juncker Plan” is hot air
It took a long while and probably a lot of taxpayers` money, but the European Court of Auditors came to the conclusion that was publicly known over a year ago: Juncker was lying about the […]
Economics
Franco Galdini : Want to understand industrialisation in resource-rich countries such as Uzbekistan? Read Marx (and Iñigo Carrera)
The commodity supercycle of the 2000s and 2010s gave rise to a rich debate in the academic literature about the possibility for resource-rich countries to muster the primary commodity price bonanza for development. As in […]
EU politics
Al Jazeera: More than 160 migrants drown in shipwrecks off Libya, UN says
At least 102 migrants died when a boat capsized on Friday, before another 62 died in another incident on Saturday. Read here
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