Economics and politics - comment and analysis

Argentina: With the chainsaw into the abyss

21. November 2023 I General

Words can hardly describe what is currently happening in Argentina. The man with the chainsaw has actually won the presidential elections by a landslide. Javier Milei, the self-proclaimed anarcho-capitalist, has chased the ruling Peronists out of office and, if he even halfway fulfils his “election promises”, …

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Interest rates down!

31. October 2023 I General

In the European Monetary Union, as Eurostat has just reported, consumer prices rose by only 2.9 percent in October. After rates below two percent were recorded for some countries in the previous months already, the statistics for October also show only 3 percent for Germany in the European harmonised index. …

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