Kallas initially proposed an EU plan of 40 billion for Ukraine weapons, which Italy, France, Spain, Portugal opposed. So she came up with a new plan – 5 billion. Which has now been stalled by France, Italy and Slovakia, who want non-binding wording.
Economics
Bill Mitchell – The Japanese denial story
Discussing Japanese public finances is extremely difficult. It is not much different from the arguments 600 years ago about whether the world is flat. Critics claimed that eventually the ship will fall off the world […]
Economics
Bill Mitchell: Massive wastage of labour in the European Union
The EU’s employment situation stripped of the Ode to Joy and EU financed fireworks Read here
Austerity
Simon Wren-Lewis: How the lessons from austerity have not been learned
The UK and the Eurozone are both vulnerable to the next recession, but both politicians and central bankers think each other should deal with it. Read here
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