Trade sanctions are just the latest weapon in the diplomatic wars threatening global stabilityItaly is back in recession and approaching deflation; Germany’s economy has shrunk and France stagnates. In Britain, we have a record number of jobs but plummeting real wages. Only the US which borrowed massively, restructured its banks and printed money on a historic scale enjoys anything like a sustainable recovery, and even that’s being sustained only by the promise that quantitative easing will go on ad infinitum.Although its social impact has been milder than that of the 1930s, the crisis that began in 2008 has …read more
Source: The Guardian
