Blogger The General Theorist wonders whether Christine Lagarde’s patchy performance as managing director of the IMF qualifies her for the trickier role of president of the European Central Bank. “The assumption that Lagarde is a like-for-like replacement of Mario Draghi is a huge misreading of her track-record.”
EU politics
euronews: Hungary blocks €90 billion loan for Ukraine over damaged pipeline as tensions escalate
Hungarian foreign minister accuses Ukraine of sabotage and says his country will block financial assistance for Kyiv until transit of Russian oil resumes. Ahead of a key election, Budapest ups its anti-Ukraine rhetoric. Read Article […]
Globalisation
The Washington Post: Short on time, Biden sought new Ukraine tank plan to break stalemate
How the US and Germany reached that tank deal. Amid growing discord, a new proposal and a week of nonstop negotiations finally resolved the dispute, as Germany relented on Leopards and the US pledged (eventually) […]
Economics
DeStatis – German Recession: Industrial Production in 2024: -4.5% in comparison to 2023
Production in industry December 2024 (in real terms, provisional): -2.4% on the previous month (seasonally and calendar adjusted) -3.1% on the same month a year earlier (calendar adjusted) November 2024 (in real terms, revised): +1.3% […]
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