In Germany austerity is still considered the only responsible financial policy – by politicians, media , and populace. The same is true of the EU poltical elite.
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Economics
Simon Wren-Lewis: Helping the left behind: its (economic) geography, stupid
The growing divide since the 1980s is about the fortunes of large cities compared to smaller units. But the economic theory behind that dynamic can also be used to help those left behind. Read here
Economics
Yilmaz Akyüz: Crisis alla Turca
Long but interesting analysis of the current state of the Turkish economy. Read here
EU politics
Politico: Deutsche Bank deflects EU lawmakers’ questions in money laundering probe
They will not be able to do this in front of the US congress. Just like Volkswagen and other German car makers, Deutsche Bank needs not respect EU lawmakers. This is the advantage of being […]
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