While George Osborne is crowing about the success of austerity, Simon Wren-lewis examines the high costs of Osborne’s failed economic policy.
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Simon Wren-Lewis: The economic and political cost of UK austerity
EU politics
EU-OCS: France’s record fine for UBS
In the first of three reports on tax evasion in Europe EU-OCS explores France’s record fine against Swiss banking giant UBS in what the court called a case of fraud of ‘exceptional magnitude.’ Read here
Economics
Bloomberg: Germany’s Economy Runs on Low Wages
The European giant can rely on an army of poorly paid workers to weather a downturn. Read here
EU politics
Catalan News: Flanders hits back after Spain withdraws delegate’s diplomatic status
The Spanish government seems to have many problems with human rights – when it is not the human rights of corporations (yes, they too have human rights in the EU, probably stronger than those for citizens). […]
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