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.
Austerity
Bill Mitchell: Greece – the next bailout is just around the corner
Greece has disappeared from the headlines, but its disastrous economic state has changed little. Bill Mitchell looks at the nation that purportedly turned the corner. Read here
EU politics
Hungary Today: Only Austerity Measures Can Provide More Funding for Ukraine, EU Affairs Minister Warns
The government has published the report on EU funding for Ukraine and the European Commission’s demands for tax increases and austerity measures, the Minister for EU Affairs announced on his Facebook page on Wednesday. Read […]
EU politics
Jon Tennant: Elsevier are corrupting open science in Europe
Elsevier – one of the largest and most notorious scholarly publishers – are monitoring Open Science in the EU on behalf of the European Commission. Jon Tennant argues that they cannot be trusted. Read here […]
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