Israel eyes pipeline to export natural gas to southern Europe | Agricultural Commodities | Reuters

Natural gas pipelines from Russia to Europe

Natural gas pipelines from Russia to Europe (Photo credit: Wikipedia)

This is a important story from Reuters Africa. Check it out!

via Israel eyes pipeline to export natural gas to southern Europe | Agricultural Commodities | Reuters.

A gas pipeline from Israel to Europe, via Cyprus and Greece would be an enormous strategic project.

It would reduce Europe’s dependency on Russian gas.

It would also kick-start investment and jobs in Greece and Cyprus.

Finally, it would provide the troika of the ECB, the IMF and the European Commission an opportunity to offer an alternative strategy to austerity.

Thoughts?

Is economic stagnation the new normal? – Gar Alperovitzla – Op-Ed Los Angeles Times

English: Los Angeles Times building in downtow...

English: Los Angeles Times building in downtown Los Angeles, California (Photo credit: Wikipedia)

This op-ed article by Gar Alperovitzla, published in the LA Times is a recommended read. Check it out!

via Is economic stagnation the new normal? – LA Times.

The article maintains that economic stagnation is likely to be the new norm because the political classes and their sponsors are not prepared to approve large economic stimulus in the Keynesian tradition.

Let me ask an open question:

Why aren’t the working and middle classes demanding large economic stimulus (in the Keynesian tradition)?

Thoughts?

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