Germany Continues to Fiddle as Europe Stagnates

Let our journalists help you make sense of the noise: Subscribe to the Mother Jones Daily newsletter and get a recap of news that matters.


Unemployment in the euro area hit 12.2 percent in September, up from 11.5 percent a year ago. The inflation rate hit 0.7 percent, down from 2.5 percent a year ago. This suggests that Europe could tolerate a wee bit more stimulus in its economic policy, especially from its biggest and most powerful country.

So what was the response of Europe’s biggest and most powerful country? Dismissing as “incomprehensible” U.S. criticism of Germany’s continuing dedication to running trade surpluses, and then taking a shot at high U.S. debt levels.

I think that perhaps “incomprehensible” does not mean what they think it means.

DOES IT FEEL LIKE POLITICS IS AT A BREAKING POINT?

Headshot of Editor in Chief of Mother Jones, Clara Jeffery

It sure feels that way to me, and here at Mother Jones, we’ve been thinking a lot about what journalism needs to do differently, and how we can have the biggest impact.

We kept coming back to one word: corruption. Democracy and the rule of law being undermined by those with wealth and power for their own gain. So we're launching an ambitious Mother Jones Corruption Project to do deep, time-intensive reporting on systemic corruption, and asking the MoJo community to help crowdfund it.

We aim to hire, build a team, and give them the time and space needed to understand how we got here and how we might get out. We want to dig into the forces and decisions that have allowed massive conflicts of interest, influence peddling, and win-at-all-costs politics to flourish.

It's unlike anything we've done, and we have seed funding to get started, but we're looking to raise $500,000 from readers by July when we'll be making key budgeting decisions—and the more resources we have by then, the deeper we can dig. If our plan sounds good to you, please help kickstart it with a tax-deductible donation today.

Thanks for reading—whether or not you can pitch in today, or ever, I'm glad you're with us.

Signed by Clara Jeffery

Clara Jeffery, Editor-in-Chief

payment methods

We Recommend

Latest