French president will have to battle for his promised reforms after far-left and far-right rivals log historic gains.
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Politico: Macron faces 5 years of gridlock after stunning parliamentary defeat
Austerity
Larry Elliot: Austerity is the wrong prescription for the world’s wellbeing
Findings about the impact of a course of heavy-duty cuts on life expectancy make grim reading Read here
Economics
Wolfgang Streeck: Not Quite Enough: How the Pandemic Failed to Save Europe
“What we need instead is a sober analysis of the structural conditions, restrictive as wellas conducive, and of the realistically possible organizationalforms for a Europe capable of keeping its distance from bothChina and the USA, […]
Climate Crisis
Irene Casado Sanchez, Jackie Botts – A program meant to help developing nations fight climate change is funneling billions of dollars back to rich countries
‘Climate finance’ from the global north to the global south is just high-interest loans, sometimes tied to obligations to source materials for green projects from rich countries. In ‘Reuters’. Read the article HERE.
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