First, this is what the Germans wanted and as they dictate policy at the EU, that is what they get. Second, of course there is criticism, but no consequences. And the EU political elite wonders why people are turning against them. Because they signed on to a failed neo-liberal policy, the whole of it will band together to protect its right to rule.
Richard Murphy explains that taxes do not finance govenment spending, but helps to pay down debts. A government creates it own funds or borrows money when it needs it. The idea that a government cannot […]
In this latest Analyst Note from the Power and Utilities team we explain the financial implications of recent changes to coal power economics in the EU. In doing so, we argue EU policymakers and investors […]
In Germany austerity is still considered the only responsible financial policy – by politicians, media , and populace. The same is true of the EU poltical elite. Read here
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