This is well and truly a milestone. Interesting are the two nations that abstained. Britain, because it is scheduled to leave the EU and does this on principle and Germany because of its endemic corporate crime. Germany does not have a whistle-blower law. That was very convenient during the diesel scandal. This is unfortunately only in German, but here is an intervention by Germany against the law: http://www.europarl.europa.eu/RegData/docs_autres_institutions/parlements_nationaux/com/2018/0218/DE_BUNDESRAT_CONT1-COM(2018)0218_DE.pdf
Economics
Ms Merkels Magnificent V-Recovery – Germany: Production in August 2020: -0,2 % compared to previous month
While German media is hailing their nation’s V-Recovery and the greatest chancellor of all time, the statistics tell a different story. Read here If you are having difficulties accessing the link, use this: https://www.destatis.de/EN/Press/2020/10/PE20_391_421.html
Corruption
Simon Wren-Lewis: A rotten corporate culture
” The problem is that the senior managers, the auditors and the Board are not in prison and have not even suffered any financial loss.” Simon Wren-Lewis tells it like it is. Read here
Economics
Shaun Richards – Central bankers are experiencing a complete loss of credibility
Central banks have lost control of both the narrative and the markets. Read Here
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