Two weeks ago (here), I pointed out that there is a dangerous divergence between wage costs in the eurozone and those in countries that maintain a fixed exchange rate with the euro. This week, Eurostat has been publishing new figures showing that the problem is getting bigger instead of smaller. …
Willi Brandt once saw a stable majority on the left of centre in Germany. That ended yesterday at the latest. In Germany, the majority is now, without a doubt, on the right of centre. The oft-invoked ‘will of the people’ is clear: they want a right-wing government that pursues staunchly conservative policies. …
If there were any doubts about how closely the libertarian Argentine president is working with the no less libertarian International Monetary Fund (IMF), they have now been dispelled.
Kristalina Georgieva, who calls herself managing director of the IMF, posted X a picture and a short text that show better than a thousand words the kindred spirit of the two people depicted. …
