This is not happening in the EU, where Germany just brought a new coal power station online. Maybe Brexit is bringing a rethink.
Read here
Austerity
Thomas Piketty: Social-nativism, the Italian nightmare
Piketty brings together two simple phenomena: a neo-liberal EU resulting in a neo-liberal/far-right success – in this case in Italy. Read here
Economics
Bill Mitchell – Governments should do everything possible to avoid recessions – yet they don’t
The significance of hysteresis. Read here
Economics
Bill Mitchell: Latest data – largest quarterly output decline in recorded US history – but Europe is worse
Unfortunately mostly US and little Europe. But as the US is faring better than Europe it is still a bellwether and might provide some insights with regard to the EU. Read here
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