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Erich Kästner, the great critic, humanist, and antimilitarist, once said, “You must never sink so low as to drink from the cocoa you are being dragged through.” As the German government seeks to sweeten the €100 billion in special debt it plans to take on for ad hoc rearmament — changing the constitution to this end — it’s worth taking a
The EU's latest hare-brained gambit is likely to put further downward pressure on economic activity while exerting further upward pressure on inflation, making stagflation all but inevitable.
Interest rate decision: Unlike America's central bank, the European Central Bank is not yet touching key interest rates. But she gives some hints as to how things could continue now - in times of high inflation and a terrible war.
(Bloomberg Businessweek) -- Europe’s policymaking class is readying itself for a clash that may reverberate for years to come.
Christian Lindner seeks to use €60bn budget to finance pivot towards ‘climate neutrality’