December data signalled an eighth successive monthly decrease in home building across the Eurozone. The contraction was steep overall and, when excluding COVID-19, the sharpest since March 2013. The drop in activity levels at German firms was the sharpest of the three largest eurozone nations and the quickest since February 2012.
EU politics
Ulrike Guérot, Thomas Piketty, et al.: Democratising Europe begins with ECB nominations
Who runs Europe? The people? Not on your life. As a raft of renowned experts write, the new members of the European Central Bank, in the meantime a powerful institution, will be selected in secret […]
EU politics
Richard Murphy: Schäuble gets it wrong, even in hindsight
Wolfgang Schäuble, the leader of Europe’s austerity campaign and devastator of Greece, is retiring. Neither he, nor the German media, have any doubt that he saved Europe from itself. Richard Murphy is neither German, nor […]
Economics
Yeva Nersisyan, L. Randall Wray: The collapse of SVB shows why monetary policy is the wrong tool to fight inflation
What is missing from the debates over monetary policy today is the understanding that the Fed was not established to control inflation. It was created to prevent financial crises by acting as a lender of […]
Be the first to comment