How do they finance it? By borrowing at negative rates.
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EU politics
El Nacional Cat.: Spain withdrew billions of euros from Catalan banks after referendum
The day after the Catalan independence referendum, so on 2nd October 2017, the Spanish state quietly removed the money public companies and authorities held in the two largest Catalan banks, Banc Sabadell and CaixaBank. Read […]
EU politics
Chris Dillow: “The country”
Who is the nation? Chris Dillow, as so often, opens a door that we walk past every day and never ask what is behind it. Read here
Economics
Bill Mitchell: US labour market – job shortfall continues with government sector undermining job creation
The US labour market is still 3,912 thousand jobs short from where it was at the end of February 2020. Read here
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