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.
Read here
Reuters: ECB mulls shelving rules tackling euro zone’s bad loans pile
National Politics
Yanis Varoufakis – George Osborne’s sordid Elgin Marbles plan
They point out that Elgin had a permit from the Ottoman occupying forces in Athens to take what he liked from the Acropolis — which, they insist, gave him the right to own and to […]
Economics
Bill Mitchell – Governments should do everything possible to avoid recessions – yet they don’t
The significance of hysteresis. Read here
Climate Crisis
CNN – Degrowth: A dangerous idea or the answer to the world’s biggest crisis?
Conventional economic logic hinges on a core assumption: Bigger economies are better, and finding ways to maintain or boost growth is paramount to improving society. But what if growth is at best doing little to […]
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