One of the changes that the credit crunch brought in was that rules that were previously considered normal were broken. Let me start with what looks like an example of a previous rule.
Economics
Adam Tooze – A “house of cards”? Russia’s war economy in 2025.
Commentators in The FT are desperate to wish into existence a financial crisis in Russia, but the reality is that Russia is surviving Western sanctions. In Adam Tooze’s ‘Chartbook’ Substack. Read the article HERE.
Austerity
Bill Mitchell: We can do something about neoliberalism
Bill Mitchell covers three topics rather succinctly in this blog: Democratic deficit in the EU, Greece and its newest catastrophic deal with Germany/EU, and the surprise Democrat primary results in New York yesterday. Read here
Finance
Sky News – Top EU regulator in talks to head bank lobby group
One of Europe’s top banking regulators is in talks to head the trade body that leads the investment banking industry’s lobbying effort across the EU. Read here
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