Acting President Sánchez reaches a preliminary agreement with Unidas Podemos Socialist Party (PSOE) leader and acting Spanish President Pedro Sánchez and Unidas Podemos leader Pablo Iglesias have reached a preliminary 10-point agreement for a coalition government. With this agreement, Sánchez will try to gain support from other parties to win the presidency and guarantee his ability to govern throughout the entire legislative period.
The Basque Government won the regional and local government category at the Climate Leaders Awards, for their ongoing and proactive projects to combat climate change. The Basque government has created multiple initiatives and has invested money towards combating climate change since 2000.
The way we think about monetary policy, economy and wealth has changed with the adoption of quantitative easing (QE): It has moved from being a one-dimensional problem of only setting the policy rate (PR) to a two-dimensional problem of jointly determining the PR and QE. Therefore also the way Economists are educated and trained has to change. The whole Economic thinking should be reset.
Most of the rich world is enjoying a jobs boom even as central banks undershoot inflation targets. America’s jobless rate, at 3.5%, is the lowest since 1969, but inflation is only 1.4%. Interest rates are so low that central banks have little room to cut should recession strike. Even now some are still trying to support demand with quantitative easing (qe), ie, buying bonds. This strange state of affairs once looked temporary, but it has become the new normal. As a result the rules of economic policy need redrafting—and, in particular, the division of labour between central banks and governments. That process is already fraught. It could yet become dangerous.
The European Institute of Innovation & Technology (EIT) is an independent body of the European Union set up in 2008 to deliver innovation across Europe. The EIT brings together leading business, education and research organisations to form dynamic cross-border partnerships. These are called Innovation Communities and each is dedicated to finding solutions to a specific global challenge. EIT Innovation Communities develop innovative products and services, start new companies, and train a new generation of entrepreneurs. Together, we power innovators and entrepreneurs across Europe to turn their best ideas into products, services, jobs and growth.
EIT was created in 2008 to power Europe’s ability to innovate. The EIT’s eight Knowledge and Innovation Communities work to:
- accelerate the transition to a zero-carbon economy (EIT Climate-KIC)drive Europe’s digital transformation (EIT Digital)
- lead the global revolution in food innovation and production (EIT Food)
- give EU citizens greater opportunities to enjoy a healthy life (EIT Health)
- achieve a sustainable energy future for Europe (EIT InnoEnergy)
- strengthen and increase the competitiveness of Europe’s manufacturing industry (EIT Manufacturing)
- develop raw materials into a major strength for Europe (EIT RawMaterials)
- solve mobility challenges of our cities (EIT Urban Mobility)
Lack of company investment in Germany is causing an economic setback for the country. According to a study conducted by Das Progressive Zentrum and Policy Networ, Germany’s GDP is not as high as other European countries. The lack of company investment is the main reason why Germany’s GDP is not as high as other European countries, according to a study publishing by S&P Global Ratings. Companies are unwilling to invest because of the country’s high pension provisions, which are a result of the countries low interest rates and high corporate tax sales. Companies prefer to invest in European countries with lower interest rates and corporate tax sales.
Germany is the third most valuable nation brand, brand value US$4.9 trillion despite the lates bad news about its major companies and a chain of insolvencies. But the leaders are China and the US. These mentioned factors, paired with the flat Eurozone economy, and the automobile scandal that has plagued one of the nation’s top performing sectors, has blighted Germany’s brand value this year, but it is still a global brand leader according to Holger Muehlbauer, Brand Finance Germany: “Despite challenges over the last year, Germany’s outstanding reputation on the global stage remains unwavering, due to a combination of its moderating role in multiple international political dilemmas and through its creation of reliable, world-class products that the ‘Made in Germany’ stamp guarantees.”