In Norway opposition Labor Party withdraws support for oil exploration off Lofoten islands in Norway’s Arctic, creating solid majority in parliament to keep area off limits for oil. How long that will hold is anyone´s guess, but it is a step in the right direction.
Finance
James Angelos and Jordan Dahl – Merz heads to Beijing as Germany Inc. reels from ‘China shock’
Merz is off on his first visit to China as Chancellor. Germany is no longer competitive with Chinese industry in key sectors. In ‘Politico’. Read the article HERE.
Economics
Kunibert Raffer – Lending and Profiteering – Lessons from Argentina’s Recent Debt Problems
Over 30 years ago, Kunibert Raffer (University of Vienna) was first to propose a fair and transparent arbitration process between debtors and creditors for resolving sovereign insolvency, by analogy with Chapter 9 US Bankruptcy Code […]
Austerity
Thomas Fazi – The Eternal Return of “Technical Government” in Italy
If there is a country that epitomizes the perils of technopopulism, it is Italy Read here
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