The German government has no money to invest in renewables to replace natural gas, but a billion euro to appease Trump. A great bargain, had it worked. Erdogan costed three billion as well as election endorsements from Merkel.
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Economics
Bill Mitchell – Claiming the European Union is close to full employment defies the meaning of language
While politicians continually want to claim that their nations or areas of responsibility are ‘close to full employment’ the data rarely bears out that assessment. And think of it this way – the mainstream economists […]
Austerity
Bill Mitchell: Either the Eurozone as we know it is dead or Italy goes out – latest research
Research finds that if the technocrats start forcing Italy into austerity measures via a return to the Excessive Deficit Mechanism (and enforcement of the Stability and Growth Pact fiscal rules) then the majority of Italians […]
Geopolitics
Turkish Minute: A year into Israel’s war on Gaza, Turkey toughens rhetoric while continuing to trade with Tel Aviv
As Israel’s war on Gaza continues into its second year, Turkey has intensified its public condemnation, with President Recep Tayyip Erdoğan accusing Israeli Prime Minister Benjamin Netanyahu’s government of committing genocide, while reports show that […]
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