No banking scandals without the participation of Deutsche Bank. This one is massive and the German national government is doing all it can – as is also the case in Volkswagen´s diesel cheating – to avoid any major consequences for the bank.
EU politics
Molly O’Neal – Germany gets a new antiwar party, this time on the left
Its appeal depends largely on whether voters agree that Berlin’s economic woes can be blamed on the country’s Ukraine war policy Read HERE
Austerity
Bill Mitchell – When disaster strikes the poorest nations, the IMF guarantees to make it worse
While even many progressive economists were effusive about the advances being made in IMF policy the same neo-liberal destruction continues in practice. Read here
Climate Crisis
Adam Tooze – How China’s powerslide is driving the global green electricity transition
Maybe the only good news story in the world today is China’s remarkable green transition, which has already led the industrial giant past its peak in CO2 emissions. Read the article HERE.
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