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.
Finance
The Local de: Deliveroo pulls out of Germany
Although am employer with very dubious practices, apparently even that was not enough to ensure a profit. Read here
Economics
Ms Merkel’s V-Recovery: DeStatis – New orders in main construction industry in July 2020: -5.6% seasonally adjusted on the previous month
New orders in main construction industry, July 2020 -5.6% on the previous month (in real terms, seasonally and calendar adjusted) -4.9% on the same month a year earlier (in real terms, calendar adjusted) -2.5% on […]
Climate Crisis
Balkan Green Energy News: Norway to impose power export controls
With all their brilliant plans to combat climate breakdown, politicians forgot to take climate breakdown into account. Reality is catching up with Europe’s corrupt political class and guess who will pay the price? Read Here […]
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