Regular readers will know that I hate the term NAIRU – or Non-Accelerating-Inflation-Rate-of-Unemployment – which is a concoction invented by mainstream economists to maintain unemployment at elevated levels (to keep the working class in its place) and give cover to central banks to run monetary policies that redistribute income from poor to rich. If you…
European Union
European nations including the UK and NATO allies are joining the US and Israel in their war on Iran. From providing economic and diplomatic support, to supplying military assistance to Washington, Europe is moving from a passive supporter to an active participant in the campaign to overthrow the Iranian government.
The post How European Countries Are Aiding The US & Israel in the War on Iran appeared first on MintPress News.
As the EU has sought to prolong the Ukraine proxy war, expropriate frozen Russian assets, and enlarge the bloc at any cost, Viktor Orban’s Hungary opposed it at every turn. Now, with his support teetering, leaked documents reveal a major EU official plotted a long-term covert campaign to oust him. A senior European Union official has been secretly seeking to remove Hungarian President Viktor Orban since at least 2019, according to leaked documents reviewed by The Grayzone. The files show […]
The post EU official plotted to ‘organise resistance’ against Hungary’s Orban, files show first appeared on The Grayzone.
The post EU official plotted to ‘organise resistance’ against Hungary’s Orban, files show appeared first on The Grayzone.
The other day I was asked whether I was happy that the US President was finally saying things that I have been noting for years. The reference to Trump was, on interrogation, based on the US government analysis of Europe that appeared in the so-called – National Security Strategy of the United States of America…
Sviatlana Tsikhanouskaya was hailed by Western governments and media as the savior and rightful leader of Belarus. But leaked emails reveal her increasingly unpopular campaign for power in Minsk nearly collapsed under the weight of corruption scandals and infighting. When Belarusian opposition figure Sviatlana Tsikhanouskaya declared herself “President” of an alternative government in 2020, she was enthusiastically embraced – and showered with funding – by the Western governments which yearned to depose the longtime leader of her country, Alexander Lukashenko, […]
The post Leaks expose collapse of EU/US-backed Belarusian ‘opposition’ first appeared on The Grayzone.
The post Leaks expose collapse of EU/US-backed Belarusian ‘opposition’ appeared first on The Grayzone.
The reason I ask that question is because I read in the UK Guardian article yesterday (published August 11, 2025) – As dark financial clouds gather, Labour has to heed its past: when it chooses austerity, it loses elections – that “Britain is in danger of going bankrupt. It may happen slowly or quickly, but…
I don’t have much time today for writing as I am travelling a lot on my way back from my short working trip to Europe. While I was away I had some excellent conversations with some senior European Commission economists who provided me with the latest Commission thinking on fiscal policy within the Eurozone and…
This is the second part of my thoughts on the current acceleration in military spending around the world. The first part – The arms race again – Part 1 (June 11, 2025) – focused on background and discussed the concept of ‘military Keynesianism’. In this Part 2, I am focusing more specifically on the recent…
Since we began the Modern Monetary Theory (MMT) project in the mid-1990s, many people have asserted (wrongly) that the analysis we developed only applies to the US because it is considered to be the reserve currency. That status, the story goes, means that it can run fiscal deficits with relative impunity because the rest of…
The Chair of the Finance Committee in the Irish Parliament invited me to make a submission to inform a – Scrutiny process of EU legislative proposals – specifically to discuss proposals put forward by the European Council to increase spending on defence. This blog post and the next (tomorrow) will form the basis of my…