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.
Economics
EuroStat: Volume of retail trade down by 0.9% in the euro area and by 0.5% in the EU year on year
Among Member States for which data are available, the highest monthly increases in the total retail trade volume were registered in Germany (+1.9%), the Netherlands (+1.7%), Luxembourg and Poland (both +1.5%). The largest decreases were […]
Climate Crisis
Climate Analytics: Loss and Damage at COP23 – disappointments and consolation prizes
Climate-related disasters have battered many regions this year, leaving many vulnerable developing countries with enormous damages but a limited capacity to deal with them. With COP23 being hosted by a small island state, Fiji, vulnerable […]
Economics
Des Freedman: Lecturers are fed up with being the big losers in the higher education market
What is described in this piece is symptomatic for the whole of Europe. Our universities are destined to become commodities in service of neo-liberalism. Let us not forget that education is what made European culture […]
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