The EU hegemon speaks. This is the same German Commissioner who called upon the markets to crush Italian state finances if the government passed a budget above a deficit of 2 %.
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EU politics
The Irish Times: Ireland – Massive increase in reports of money laundering
Banks and financial institutions reported over 24,000 suspect transactions in 2017 Read here
Economics
James Galbraith: Modern Monetary Realism
While in the UK economists seem to be losing it completely in the discussion around Modern Monetary Theory (which is why we do not cross-post most of it) and the rest of the continent is […]
Economics
Bill Mitchell: With central banks chasing shadows, many nations are now plunging towards or into recession
We are now entering phase 2 of the New Keynesian policy folly. Phase 1 – was the rising interest rates to fight an inflation that was not interest-rate sensitive. Phase 2 – run policy so […]
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