In effect, the EU has embraced a hyper-mercantilist, export-driven growth model, prioritising trade surpluses over internal economic development. This approach has come at the expense of both its own citizens, who face stagnating wages and underfunded public services, and its trading partners — most notably the United States — who have absorbed the EU’s export surpluses as part of an increasingly unbalanced global economic relationship.
EU politics
Vila Web: New Open Arms Uno vessel has capacity for 1.000 refugees
While the EU is only interested in pushbacks the UN has come to help refugees crossing the Mediterranean. Read Here
Climate Crisis
Bill Mitchell: The current inflation still looks to be a transitory phenomenon
The world is reeling from one crisis to the next, most of which are not resolving themselves. It is no wonder that there is inflation. But none of these can be rectified with interest rate […]
Climate Crisis
Mongabay: Australia rejects forest biomass in first blow to wood pellet industry
Australia is the first major economy to reverse its classification for woody biomass burned to make energy. Under a new policy, wood harvested from native forests and burned for energy can’t be classified as a […]
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