This morning has brought more warning signs for the Euro area economy. This adds to the backdrop where the PMI business surveys have been suggesting a decline of 0.4% for GDP in the quarter just ended.
EU politics
The Guardian: Amazon ordered to repay €250m by EU over ‘illegal tax advantages’
European Union officials order Luxembourg to collect €250m in illegal state aid to Luxembourg from online retail giant Amazon, while the European Commission’s competition watchdog will be taking Ireland to the European Court of Justice […]
Economics
DeStatis – German Recession: Exports to non-EU countries in February 2024 minus 4.5% year on year
Exports to third countries (calendar and seasonally adjusted exports of goods), February 2024 59.4 billion euros +0.3% on the previous month -4.5% on the same month a year earlier Exports to third countries (original values, […]
Economics
Simon Wren-Lewis: Lessons from the Greek tragedy unlearnt
Inside the Eurozone the creditors have too much power, because they can threaten to cut off money to a member’s banking system or throw you out of the club. The Eurozone has not learnt this […]
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