A proposal in Germany to re-introduce a wealth tax has had the conservatives foaming at the mouth. Even the IMF has criticised the country’s widening inequality gap.
Originally posted in German at Makroskop
Translated and edited by BRAVE NEW EUROPE
A modest proposal by a small party to reintroduce a wealth tax is rejected by conservatives quietly foaming at the mouth. …
In German debt and guilt are the same word: Schuld. So, in Germany, debt has a morally negative connotation. Further, the state budget is referred to as “Haushalt”, which is the word for household. Germans equate state finances with those of personal finances, …
Originally posted in German at Makroskop
Translated and edited by BRAVE NEW EUROPE
Pierre Moscovici, who, as European Commissioner for Economic and Monetary Affairs, will probably be the last French Socialist to hold high political office, has written a letter (together with the responsible Vice-President of the Commission, …
I presented a detailed analysis of Turkey’s economic problems some time ago (here in German). The situation is now deteriorating dramatically because the Turkish lira continues to be under enormous pressure and has lost more than a third of its value against Western currencies since the beginning of the year. …
