The EU faces a number of problems in its efforts to become less reliant on China for critical raw materials, not least corruption.
Read the article HERE.
Politico: Portugal’s corruption scandal spells trouble for EU’s critical minerals hunt
Economics
Bill Mitchell: Inflation falling in the US and expectations are sharply in decline
The word to summarise all these trends and sentiments is: transitory. Read Here
Austerity
Bill Mitchell: Eurozone fiscal rules bias nations to stagnation – exit is the remedy
The big motor is fiscal policy and because of the flawed design in the Eurozone it is dysfunctional in the extreme. Central bank policy shifts can do little to counter the damage that fiscal austerity […]
Economics
China Daily – German Recession: German retail sector records 3.3 pct sales drop in 2023
Price-adjusted sales in the German retail sector fell by 3.3 percent year-on-year in 2023 amid a recession in the country, according to preliminary figures published by the Federal Statistical Office (Destatis) on Wednesday. Compared to […]
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