With regard to austerity for the people, the EU wields an iron fist. When it comes to banks it will bend over backward to be obliging and generous.
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Reuters: ECB mulls shelving rules tackling euro zone’s bad loans pile
Economics
Bill Mitchell: The inflationary episode is being driven by profit gouging and interest rate hikes won’t help much
One recent report from the British Unite the Union (published March 2023) – Unite Investigates: Profiteering across the economy—it’s systemic – provides convincing evidence that: We’re living in the midst of a cost of profiteering […]
Economics
DeStatis – Germany: radical increase in imports from China and Russia, decrease in exports
Trade with China in April 2022 still largely unaffected by Covid-19 lockdowns Imports of chemical products grew almost six-fold year on year Exports to Russia decreased again in the second month of war in Ukraine […]
EU politics
Bloomberg: German Property Stocks Fall on Berlin Rent-Freeze Proposal
Germany’s biggest residential landlords declined on concern that the City of Berlin will freeze rents in the capital for five years in response to a surge in housing costs. Read here Photo by Roland Hoppe […]
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