Economics and politics - comment and analysis

Interest rates up, sanity down

The European Central Bank has apparently decided to force through the restrictive path it embarked on in the summer – even if it becomes clearer every day that it is wrong. Even large institutions built on rationality like the ECB can run such a childish programme of defiance when their leadership is intellectually overwhelmed and has once surrendered completely to political pressure. …

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Fixed investment is the critical point – and the analyses on this are more than meagre

Now even the Federal Minister of Economics knows: Germany is facing a recession. But the recession, he says immediately, will not be so bad and in 2024 things will pick up again. That’s honest policy, we don’t sugarcoat anything, we look the harsh reality firmly in the eye, …

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