This is a product of austerity as cash starved nations turn to criminaltiy to raise cash. The same is true of tax policies and the list goes on. Austerity has failed in the Europe – so has the EU.
Finance
Frances Coppola: Why central bankers don’t understand inflation
“The job of the central bank is not to set the current level of inflation, but to keep wages down by influencing people’s expectations of the future level of inflation.” Read here
EU politics
The Guardian: EU doesn’t need the City of London, says chief Brexit negotiator
Bad news for the City of London, but negotiations are a long and tortuous process, full of surprises. Read here
Economics
Bill Mitchell: Why are the unions accepting massive real wage cuts?
The point is that many unions have become part of the elite structures that suppress workers and advance the interests of capital In the 1890s, the worker organisations would be out of strike right now […]
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