Yanis Varoufakis is right, he predicted the results of Germany’s austerity policy years ago. But the Germans, with their typical hubris, did not listen. They know better. If you are wondering why the EU’s political elite is not panicking, with Trump and the rise of inexorable rise of ultra-right parties in Europe, the answer is simple: they cannot panic, they are frozen by fear.
Mark Blyth: “The continuing idiocy of the EU’s fiscal rules in an era of underinvestment and climate change. Madness on stilts”. Read HERE
Russia’s invasion of Ukraine in February 2022 had a significant impact on the import of crude oil into the EU, which fell to 4% of total crude imports by December. Read HERE
Did anyone really expect anything else? What international corporations and Germany want from the EU, they get. Read here
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