‘EU and Mercosur leaders ignore the voice of the people to push forward with toxic deal’ declared the Stop EU – Mercosur campaign alliance, a coalition of more than 450 organisations from Latin America and Europe, including trade unions, farmers organisations, social movements, animal activists and environmentalists. The alliance held a two-day meeting in Brussels on 17 and 18 July in parallel to the summit of EU leaders and leaders from the Community of Latin American and Caribbean States (CELAC), at which a conclusion of the highly controversial EU – Mercosur ‘free’ trade agreement was also discussed. Around 80 representatives of Stop EU – Mercosur members from Latin America and Europe gathered in Brussels to discuss the problems with the proposed treaty, explore alternatives as well as co-ordinate their strategies to stop that treaty to be concluded, ratified and implemented. In this blog post, I will report on several key conclusions by the Stop EU – Mercosur alliance.
European Union
I have been avoiding keeping up-to-date with the Irish national accounts over the last several years for reasons that I documented in this blog post – Ireland – not as rosy as the official story might suggest (January 2, 2018). Ireland has been held out as the poster nation for the Eurozone boosters because of…
Yesterday, the – Flash Germany PMI – was released, which shows that “German business activity” has fallen “at fastest rate since May 2020”. Also released was the – Flash Eurozone PMI – which revealed that “Eurozone business activity contracted at an accelerating pace in August as the region’s downturn spread further from manufacturing to services”,…
Winemakers from the Goon region of South Australia are today celebrating after international trademark laws were changed to allow only cask wine from the region to be labelled as “Goon”. “If you want to release a “Goon” style cask wine... Read More ›
It’s Wednesday and so before we get to the music segment we have time to discuss a few issues. The first relates to the progress Britain is making in its post-Brexit reality. There is now growing evidence that, despite predictions of economists supporting the Remain case, the newly gained freedom that Britain now enjoys as…
In my 2015 book – Eurozone Dystopia: Groupthink and Denial on a Grand Scale (published May 2015) – I traced in considerable detail the events and views that led to the creation of the Economic and Monetary Union (EMU, aka the Eurozone) once the Treaty of Maastricht was pushed through as the most advanced form…
By Deborah James / Center for Economic and Policy Research (CEPR) Executive Summary This report shows how Big Tech companies are working to constrain the ability of EU democratic bodies to regulate their activities in the public interest through “trade” agreements, which are binding and permanent. Digitalization is the defining economic transformation of our time. […]
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The transitory view of the current inflation episode is getting more support from the evidence. Yesterday’s US inflation data from the Bureau of Labor Statistics (March 14, 2023) – Consumer Price Index Summary – February 2023 – shows a further significant drop in the inflation rate as some of the key supply-side drivers abate. All…
If you cast your mind back to the peak of the GFC, when people were actually talking about the dissolution of the Economic and Monetary Union (EMU), a.k.a. the Eurozone, or more specifically, a unilateral exit by Greece or Italy, we were told by the ‘experts’ that it would be catastrophic. Over and over, headlines…
It’s Wednesday and I have several items to discuss or provide information about today. Today, I discuss the future of the EU-bonds that were issued as part of two main emergency interventions in 2020 as policy makers feared the worse…