Spain is resisting US President Donald Trump’s demands to hike defence spending to five percent of national output, potentially threatening NATO unity at a crucial alliance summit this month.
Economics
Bill Mitchell: ECB estimates suggest meeting current challenges will be impossible within fiscal rule space
While the ECB paper does not exactly state the obvious the meaning is clear – even to get within a ballpark of what is required will require substantial austerity being imposed on areas of expenditure […]
Environment
Reuters: Austrian parliament backs EU’s first total ban of weedkiller glyphosate
Apparently this sovereign decision will be overruled by EU law. Once again the EU proves that it is here to serve international corporations and not the people of Europe. Read here
Austerity
Chris Dillow: Origins of the Tory implosion
The implosion of the Tory party suggests I was wrong. Read Here
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