Mercosur is on everyone’s lips. Wouldn’t the free trade agreement with several countries in Latin America be a golden opportunity to get one over on the USA? Couldn’t a new source of prosperity be tapped with the South Americans? But why has it taken over twenty years to seize this unique opportunity? …
Readers repeatedly point out that I should take note of the fact that long-term interest rates are currently not following the short-term rates set by the central bank, as I normally assume they do. They point out, for example, that long-term interest rates in Germany are currently tending to rise, …
It’s already starting: one of Germany’s largest trade unions, the chemical industry union IGBCE, is entering collective bargaining negotiations, which are set to begin in January, without any specific demands. ‘Every job counts, every euro counts,’ says the union, …
