The European Green Deal will bypass the poor and go straight to the rich | Daniela Gabor

For all the talk of retraining Polish miners, this fund will most likely line the pockets of the carbon finance elites

When Josep Borrell, the EU's newly appointed foreign policy chief, recently caused outrage by dismissing young climate activists as flaky sufferers of "Greta syndrome", he made not just a serious error of judgment but a serious mistake in macroeconomics. It was a mistake that is symptomatic of the dire state of European economic debate after a decade of austerity and schwarze Null (balanced budget) ideas.