We have been here before. To keep the economy too much money has been leant to those who cannot repay their debts. It does not take much imagination to guess what follows.
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Positive Money: UK consumer credit approaches 2008 peak
Economics
Financial Post – Germany’s 10-year yield falls below 0% as traders slash ECB hike bets
Well, there will be a lot of German politicians who are going to be very disappointed, not to mention Hans-Werner Sinn, who still again got things wrong. Read Here
Aviation
Energy Monitor: Should the UK restrict flying?
The UK’s aviation sector has failed to get a grip on its soaring emissions. With the government’s Jet Zero strategy around the corner, demand reduction policies may now be necessary. Read here
Economics
EU Commissioner: Merkel’s glorious V-Recovery is not happening in the rest of EU
According to Paolo Gentiloni, the EU’s economics commissioner, “We never counted on a ‘V-shaped’ recovery. Now we know for sure that we will not have one.” Read here
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