Let us not forget that Spain introduced a gas price cap in power production, limits on rent increases, windfall profit taxation etc. early on did make a difference much to the annoyance of the EU and heavily criticised by neo-classical economists. Look at Germany at 6.8%.
Economics
Eurostat: Annual inflation up to 10.9% in EU
Inflation barrels along in the EU: 18 nations in double digits, four over 20%: Read Here
Economics
Ann Pettifor: Why the Federal Reserve is as much to blame for Turkey’s economic crisis as Donald Trump
It is necessary to point to the Fed’s actions to understand tremors in world markets, but central bankers should never have been held solely responsible for the restoration of macroeconomic stability Read here
EU politics
Loren Balhorn: The Split in Die Linke Reflects a Rudderless German Left
An analysis of why Germany’s Left party is failing and what the left needs to do to build support among the working class. In ‘Jacobin’. Read the article HERE.
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